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Havells India informs about scheme of amalgamation

10 Feb 2020 Evaluate

Havells India has informed about the Scheme of Amalgamation (Scheme) pursuant to Sections 230 to 232 of the Companies Act, 2013 between the Company, Havells India (Transferee Company) and its wholly owned subsidiaries namely, Havells Global, Standard Electrical, Lloyd Consumer and Promptec Renewable Energy Solutions, (jointly referred to as Transferor Companies). The aforesaid Scheme has become effective from 7th February, 2020 upon filing of the certified true copy of the Order dated 31 January 2020 of the Honble National Company Law Tribunal (NCLT) by all the Transferor companies and the Transferee Company.

The above information is a part of company's filings submitted to BSE.

Peers
Company Name CMP
Waaree Energies 2490.50
Apar Industries 16909.30
Havells India 1117.50
Suzlon Energy 41.20
Siemens 3660.20
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