Canopy Finance has informed that the Board of Directors at their meeting held on today, has considered and accorded its consent for Merger by Absorption of the Company by Purple Finance by way of a reverse merger ('Proposed Transaction') pursuant to Section 230 to 232 of the Companies Act, 2013 and also given consent for execution of the Scheme of Arrangement subject to approval of Draft Scheme of Merger by Absorption of the Company by Purple Finance and subject to Valuation of Equity Shares by the Registered Valuer and other transaction documents to give effect to the Proposed Transaction.
The above information is a part of company’s filings submitted to BSE.
