N. B. I. Industrial Finance Company Limited — JV/Acquisition, 31-01-2025: Amalgamation/Merger

N.B. Industrial Finance Co. Ltd. has approved the issue and allotment of 498,044 equity shares to the shareholders of Western India Commercial Company Limited following a sanctioned scheme of amalgamation. According to the approved share swap ratio, shareholders will receive 94 equity shares of N.B. for every 3 shares held in Western India. This move is expected to enhance operational efficiencies and bolster the company's market position. The shares will be allotted to eligible shareholders as of the record date, with necessary corporate actions being undertaken for seamless credit to their demat accounts.