At meeting held on 07 December 2018
The Board of The Investment Trust of India at its meeting held on 07 December 2018 has approved the revised scheme of arrangement between United Petro Finance ('UPFl' or the 'Demerged Company') and Fortune Credit Capital ('FCCl' or the 'Resulting Company') and The Investment Trust of India (Formerly known as Fortune Financial Services (India)) (The ITI' or the 'Holding Company of the Resulting Company') and their respective shareholders providing for the demerger of lending Business ('NBFC Business') of UPFl to FCCl (Wholly Owned Subsidiary of The ITI), and issue of equity shares of The ITI to the shareholders of UPFl and other matters related to the said Revised Scheme of Arrangement.Powered by Capital Market - Live News
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