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Board of Voltas approves scheme of merger

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Capital Market
Last Updated : Sep 28 2019 | 5:31 PM IST

At meeting held on 27 September 2019

The Board of Voltas at its meeting held on 27 September 2019 has approved the proposal for the merger by absorption of Universal Comfort Products (Transferor Company), wholly owned subsidiary of the Company, with Voltas (Transferee Company). This merger is subject to the necessary approvals/ sanctions, from the jurisdictional National Company Law Tribunal or such other competent authority and shareholders and creditors of the Transferor Company and Transferee Company, if applicable.

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First Published: Sep 28 2019 | 5:09 PM IST

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