NCLT approves merger of CIE Aluminium Casting with CIE Automotive
after close1 source ↓written by the desknot a recommendation
The National Company Law Tribunal in Mumbai has approved the first motion application for the merger of CIE Aluminium Casting India Ltd with CIE Automotive India Ltd. This merger, under Sections 230-232 of the Companies Act, 2013, does not require meetings of shareholders or creditors as CIE Aluminium is wholly owned by CIE Automotive. Shareholders and unsecured creditors have 30 days to submit representations.
Not investment advice. For informational purposes only.