On 16 January 2014
India Infoline announced that the Hon'ble High Court of Bombay vide its Order dated 20 December 2013, issued on 16 January 2014 approved scheme of arrangement between India Infoline (transferor company) and India Infoline Distribution Company (transferee company) and their respective shareholders under sections 391 to 394 of the Companies Act, 1956, and the same is effected with the filing of the Order with the Registrar of Companies. Pursuant to scheme approved by the High Court, the financial services undertaking consisting of broking, depository participant, portfolio management, mutual fund distribution and investment banking business stands transferred from the transferor company to the transferee company.Powered by Capital Market - Live News
