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Board of The Investment Trust of India approves revised scheme of arrangement

Capital Market 

At held on 07 December 2018

The Board of The at its held on 07 December 2018 has approved the revised scheme of arrangement between United Petro Finance ('UPFl' or the 'Demerged Company') and ('FCCl' or the 'Resulting Company') and The (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 to FCCl (Wholly Owned Subsidiary of The ITI), and issue of equity shares of The ITI to the shareholders of and other matters related to the said Revised Scheme of Arrangement.

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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, December 07 2018. 12:26 IST
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