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Vikas Ecotech grows by 11% after the approval of the split by the NCLT

Vikas Ecotech (VEL) has received the authorization of the National Tribunal for Company Law (NCLT) for its project of 'Arrangement for the Split of Its Large Division' Trading and Recycled Compounds & # 39; and its subsequent merger with Vikas Multicorp (VML).

As a result of this plan, the resulting company, Vikas Multicorp, will be listed on the stock exchange and the shareholders of Vikas Ecotech will receive a share of VML shares for each share held in VEL.

The Arrangement Scheme takes effect on April 1, 2017 and will come into effect on the date of filing of the NCLT Certified Copy with the Registrar of Companies NCT. from Delhi and Haryana.

While NCLT approval has arrived, the company is taking the necessary steps to implement it and for listing VML shares at BSE & NSE and will endeavor to list VML shares traded at St, said the company.

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Vikas Ecotech grows by 11% after the approval of the split by the NCLT

Vikas Ecotech (VEL) has received the approval of the National Company Law Court (NCLT) for its project of Arrangement regarding the split of its high-volume Recycled Compounds Division business and its subsequent merger with Vikas Multicorp (VML).

As a result of this scheme, the resulting company, Vikas Multicorp, will be listed on the stock market and the shareholders of Vikas Ecotech will receive a share of VML capital for each share held in VEL.

The Arrangement Scheme takes effect on April 1, 2017 and will come into effect on the date of filing of the certified copy of the NCLT Order with the Registrar of NCT Companies of Delhi and Haryana. [19659004] The NCLT approval having arrived, the company takes the necessary measures to implement it and to register the VML shares with BSE & NSE and will endeavor to register the VML shares on the stock exchange. as soon as possible. the company said.

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