Board of Banas Finance approves Scheme of Amalgamation

Capital Market 

On 15 May 2018

The board of Banas Finance on 15th May 2018 approved the Composite Scheme of amalgamation ('Scheme') for merger of M/s. Rockon Enterprises Limited, M/s. and (Transferors Companies) with M/s. (Transferee Company) subject to the approval of Stock Exchanges, Shareholders of both the Companies and their respective lenders/creditors and the and all other applicable statutory authorities.

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First Published: Tue, May 15 2018. 13:45 IST