National Company Law Tribunal (NCLT) has approved the composite scheme of merger and demerger, said Max India in its BSE filing on June 1. The scheme involves a merger of the healthcare assets of Max India into Max Healthcare and demerger of the residual businesses of Max India into Advaita, a wholly-owned subsidiary of Max India.
NCLT approves demerger; Max Healthcare, new company to list on bourses in August
Date posted: Friday 3 July 2020