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An announcement from Indo National Limited ( (IN:NIPPOBATRY) ) is now available.
Indo National Limited has announced that the National Company Law Tribunal, Chennai Bench, has pronounced its order sanctioning the amalgamation of Helios Strategic Systems Limited into Indo National. The scheme, pursued under Sections 230-232 of the Companies Act, 2013, covers the merger of the transferor and transferee entities along with their respective shareholders and creditors.
The company said the scheme will become effective once the certified copy of the tribunal order is filed with the Registrar of Companies in Chennai. The sanctioned amalgamation marks a key legal milestone in Indo National’s corporate restructuring, paving the way for integration of Helios Strategic Systems’ operations and potential synergies for stakeholders once the process is formally completed.
More about Indo National Limited
Indo National Limited, which operates under the Nippo brand, is an Indian manufacturer in the batteries and consumer electricals segment. The company is listed on both the BSE and NSE and focuses on supplying energy solutions and related products to retail and industrial customers in the domestic market.
Average Trading Volume: 817
Technical Sentiment Signal: Sell
Current Market Cap: 2.26B INR
Learn more about NIPPOBATRY stock on TipRanks’ Stock Analysis page.