Netvista Information Technology gets nod for scheme of arrangement

Netvista Information Technology has received its board's approval for the scheme of arrangement between Gir Nature view Resorts and Netvista Ventures (Formerly Netvista Information Technology) which includes reduction of capital of Netvista Ventures by 90% and merger of GNVL into NVL.

The Board has also approved the swap ratio of 2.7:1 towards the consideration for merger. The board at its meeting held on August 26, 2013 has approved for the same.