Breaking ZEEL gets NCLT approval for scheme of arrangement, amalgamation with four entities

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Amit1079

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ZEEL gets NCLT approval for scheme of arrangement, amalgamation with four entities
MUMBAI: The National Company Law Tribunal (NCLT) has approved the composite scheme of arrangement and amalgamation between ZEEL and its four wholly owned subsidiaries.
In July 2017, ZEEL’s board had approved the restructuring of the business of certain wholly-owned subsidiaries under a composite scheme of arrangement and amalgamation.
 
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