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CreditAccess Grameen Ltd. — M&A Activity 2021
Aug 5, 2021
62126_rns_2021-08-05_fe3f792a-3c5f-4e95-b7de-21a2e4ad7d03.pdf
M&A Activity
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CreditAccess Grameen Limited
Regd. & Corporate Office
49, 46[th] Cross, 8[th] Block, Jayanagar, Bengaluru-560070 Phone: 080-22637300 | Fax: 080-26643433 Email: [email protected] Website: www.creditaccessgrameen.in CIN: L51216KA1991PLC053425
August 05, 2021
To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip code: 541770
National Stock Exchange of India Limited The Exchange Plaza Bandra Kurla Complex Bandra (East), Mumbai 400051 Scrip code: CREDITACC
Dear Sir/Madam,
Sub.: Update on Scheme of Amalgamation
We wish to inform you that in connection with the Merger of Madura Micro Finance Limited (“MMFL”), the Material Subsidiary of the Company (“Transferor Company”) with CreditAccess Grameen Limited (“Transferee Company”), both the entities have now filed the First Motion Petitions before the jurisdictional benches of National Company Law Tribunal at Chennai and Bengaluru, respectively.
The Scheme of Merger provides for the amalgamation of Transferor Company into the Transferee Company and the consequent issuance of equity shares by the Transferee Company to the Shareholders of the Transferor Company under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Request you to take the same on record.
Thanking you,
Yours Truly For CreditAccess Grameen Limited
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M. J. Mahadev Prakash Head – Compliance, Legal & Company Secretary
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