Citizen Infoline Ltd. has received NCLT approval for the amalgamation of Citizen Solar, with a record date set for determining eligible shareholders.
The record date for the amalgamation and share exchange is set as March 31, 2026, as approved by the board on April 3, 2026.
The share exchange ratio is 4.1 equity shares of Citizen Infoline for every 1 share of Citizen Solar.