Intrasoft Technologies Limited — JV/Acquisition, 04-12-2025: Amalgamation/Merger

IntraSoft Technologies Ltd (ITL) is merging with its wholly-owned subsidiary, One Two Three Greetings (India) Pvt Ltd (123G). This strategic move aims to combine business strengths, achieve economies of scale by reducing overheads, and streamline operations for increased profitability. Since 123G is a wholly-owned subsidiary, no new shares will be issued, ensuring no dilution for existing ITL shareholders. The merger consolidates business activities under one roof, expanding the capital base. The Appointed Date for the merger is April 1, 2025, with regulatory approval from the Central Government awaited.