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Western India Commercial Company Limited and N.B.I. Industrial Finance Company Limited have initiated a scheme of amalgamation. Following approval from their respective boards, the plan aims to merge the transferor company into the transferee company, enhancing shareholder liquidity as the transferee's shares trade on the National Stock Exchange, compared to the transferor’s inactive shares on the Calcutta Stock Exchange. This move is expected to boost capital consolidation, operational efficiency, and financial strength. Investor sentiment may shift positively, driven by improved liquidity and recognized synergies from the merger. The proposed effective date for this amalgamation is set for April 1, 2022.
All announcements from N. B. I. Industrial Finance Company Limited