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ABB India receives NCLT approval for scheme of arrangement

Capital Market 

On 27 November 2019

ABB India announced that the Bengaluru Bench of the Hon'ble National Company Law Tribunal vide its order dated 27 November 2019 has sanctioned the scheme of arrangement between ABB India and ABB Power Products and Systems (APPSIL) involving the demerger of the power grids business of the Company to APPSIL. The Scheme will be effective upon filing the certified copy of order of NCL T with Registrar of Companies.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 28 2019. 11:17 IST