NCLT Mumbai Bench approves composite scheme of arrangement between Incred Wealth, Incred Capital Financial Services, Incred Capital Wealth Portfolio Managers, and Incred Research Services.
The scheme involves amalgamation of Incred Wealth and Incred Research into Incred Capital entities and demerger of Incred Capital Wealth Portfolio Managers.
The appointed date for the scheme is 1 April 2025, with the NCLT directing compliance with statutory and regulatory requirements.