Aditya Birla Capital has informed that the Board of Directors of the Company (“the Board”) at its meeting held today i.e. March 11, 2024 have considered and approved the Scheme of Amalgamation of Aditya Birla Finance Limited (“Amalgamating Company”) (a wholly owned subsidiary of the Company) with the Company and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 read withs rules made thereunder (“Scheme”). The Scheme provides for the amalgamation of the Amalgamating Company with the Company, and dissolution of the Amalgamating Company without winding up. The Scheme is inter alia subject to the sanction of National Company Law Tribunal (NCLT), Ahmedabad Bench and receipt of necessary approvals from the Reserve Bank of India, Stock Exchanges and Securities and Exchange Board of India, shareholders / creditors, as may be directed by the NCLT and such other regulatory / statutory authorities, as may be required. In terms of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, it enclosed the details of the Scheme as Annexure – I.
The above information is a part of company’s filings submitted to BSE.
