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High Court approves IVRCL merger

1 Comment Sub Category:Court Orders,Hyderabad Posted On: Jul 31, 2012

Andhra Pradesh High Court has approved the merger of subsidiary IVRCL Assets and Holdings with the parent company, infrastructure firm IVRCL.

A composite Scheme of Arrangement has been made between IVRCL Ltd and IVRCL Assets & Holdings Ltd and two subsidiary companies RIHIM Developers Private Ltd and IVRCL TLT Private Ltd.

As per Scheme of Arrangement, IVRCL Assets & Holdings’ real estate business will be demerged into RIHIM Developers Private Ltd, while its remaining assets will get merged with parent firm, IVRCL.

RIHIM Developers Private Ltd will remain a wholly-owned subsidiary of IVRCL.

To read more real estate news:

 Home sales volume remain stable across cities

Source: Economic Times

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