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Allcargo Logistics receives NCLT approval for scheme of amalgamation

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Allcargo Logistics announced that Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench today, w7 September 2019, conveyed its approval for Scheme of Amalgamation (Merger by Absorption) of Allcargo Shipping Co., wholly owned subsidiary ("the Transferor Company") with Allcargo Logistics, holding company ("the Transferee Company") and their respective shareholders ("Scheme").

The Certified true copy of the Order is awaited.

The Scheme will come into effect upon filing certified true copy of the Order of NCL T with the Registrar of Companies, Mumbai, Maharashtra.

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

First Published: Fri, September 27 2019. 20:15 IST