NCLT approves Amazon marketplace and logistics merger
pre-market1 source ↓written by the desknot a recommendation
- of ASSPL
- 38 new shares
- of ATSPL
- 10 shares
The National Company Law Tribunal (NCLT) has approved the merger of Amazon Transportation Services (ATSPL) with Amazon Seller Services (ASSPL). The share exchange ratio is set at 38 new shares of ASSPL for every 10 shares of ATSPL. This consolidation aims to enhance operational efficiencies amid increasing regulatory scrutiny and slower ecommerce growth.
Not investment advice. For informational purposes only.