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Synopsis
“From the material on record, the Scheme of Amalgamation appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to the public interest,” NCLT bench headed by justices Suchitra Kanuparthi and Rajesh Sharma passed the order dated 5th of May.
Agencies
The proposed amalgamation will lead to simplification of the corporate structure and consolidation of the India businesses of the RHIM group,
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation of Indian subsidiaries of RHI Magnesita, a global refractory manufacturing company that will make the two subsidiary companies RHI Clasil and RHI India to be merged into the public listed entity
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