On 23 October 2015
Aditya Birla Nuvo announced that the Hon'ble High Court of Gujarat at Ahmedabad has on 23 October 2015 orally pronounced a common order sanctioning the Composite Scheme of Arrangement amongst Aditya Birla Nuvo (ABNL), Madura Garments Lifestyle Retail Company and Pantaloons Fashion & Retail (PFRL). The certified copy of the said order is awaited.The effectiveness of the said Scheme is, inter alia, subject to filing of a copy of the said order with the jurisdictional Registrar of Companies and on the outcome of the petition filed by PFRL before the Hon'ble High Court of Bombay.
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