Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

NCLT approves merger of LuK India, INA Bearings with Schaeffler India

8 September, 2018 12:43 PM
42 0
NCLT approves merger of LuK India, INA Bearings with Schaeffler India

Schaeffler India had filed before NCLT, Mumbai, seeking approval of the merger.

Schaeffler India Saturday said the National Company Law Tribunal (NCLT), Mumbai, has cleared amalgamation of the two group companies -- INA Bearings India and LuK India -- with itself. NCLT, Chennai, had in June approved the scheme of amalgamation filed before it by LuK India Pvt Ltd.

NCLT, Mumbai, has on September 7, approved the Scheme of Amalgamation which provides for merger of INA Bearings India Private Ltd and LuK India Pvt Ltd with Schaeffler India Ltd, the company said in a BSE filing.

Also read: Gravita India rises nearly 9% after co expands production capacity at Chittoor plant

Source: moneycontrol.com

Share in social networks:

Comments - 0