NCLT approves IAC amalgamation with Lumax Auto
NCLT approves IAC amalgamation with Lumax Auto. The National Company Law Tribunal has sanctioned the merger of IAC International Automotive India into Lumax Auto Technologies, effective immediately. This consolidation is expected to streamline operations and enhance market positioning in the auto components sector. Shareholders to receive consideration shares as per scheme terms.
📊 STOCKS: LUMAXAUTOTECH | 🏢 SECTOR: Auto | #MEDIUMIMPACT #Amalgamation
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