Sangam India gets NCLT approval for merger

The Hon'ble National Company Law Tribunal (NCLT), Jaipur bench has approved the Scheme of Amalgamation of Sangam Lifestyle Ventures Limited (wholly owned subsidiary company) - with Sangam (India) Limited on dated 11th March, 2022. Copy of the Order for Approval of Scheme of Amalgamation has been disclosed on the website of the Website of NCLT today 15th March, 2022. A certified copy of the NCLT Order is awaited.

Shares of Sangam (India) Limited was last trading in BSE at Rs. 303.25 as compared to the previous close of Rs. 307.35. The total number of shares traded during the day was 2887 in over 152 trades.

The stock hit an intraday high of Rs. 313.80 and intraday low of 301.20. The net turnover during the day was Rs. 879120.00.

Source : Equity Bulls

Keywords

SangamIndia INE495C01010 NCLTApproval Merger Subsidiary SangamLifestyleVentures