Zuari Global's subsidiary Zuari Finserv gets board approval for scheme of arrangement

The Board of Zuari Finserv, wholly owned subsidiary of Zuari Global has approved the Scheme of Arrangement between Zuari Commodity Trading and Zuari Finserv.

The Scheme involves:

1. Merger of entire undertaking of Zuari Commodity Trading and vesting thereof in Zuari Finserv.
2. Dissolution ofZuari Commodity Trading without process of winding-up.
3. Reorganisation of Authorised Share Capital of Zuari Finserv and cancelation of entire issued, subscribed and paid up capital of Zuari Commodity Trading.

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