Amazon India secures NCLT approval for logistics merger
after close1 source ↓written by the desknot a recommendation
- for every
- 38 equity shares
- held in ATSPL
- 10 shares
The National Company Law Tribunal (NCLT) approved the merger of Amazon India's logistics arm, Amazon Transportation Services Pvt Ltd (ATSPL), with its marketplace entity, Amazon Seller Services Pvt Ltd (ASSPL). Under the scheme, ASSPL will issue 38 equity shares for every 10 shares held in ATSPL. This consolidation aims to enhance operational efficiency in the Indian market.
Not investment advice. For informational purposes only.