NCLT approves merger of Sharekhan with Mirae Asset
after close1 source ↓written by the desknot a recommendation
- deadline for regulatory
- 31 March 2026
The National Company Law Tribunal (NCLT) has sanctioned the merger of Mirae Asset Sharekhan Financial Services with Mirae Asset Financial Services to comply with a Reserve Bank of India (RBI) directive. This amalgamation is crucial as it consolidates operations of two systematically important non-deposit taking NBFCs ahead of the 31 March 2026 deadline for regulatory compliance.
The approval follows the receipt of a no-objection certificate from the RBI, indicating a smooth transition for the entities involved.
Not investment advice. For informational purposes only.