Rossell India intimates stock exchanges of its RTA CB Management Services' merger with MUFG Intime India, effective May 8, 2026.
The merger was approved by the Regional Director, Western Region, MCA via order dated April 24, 2026, under Section 233 of the Companies Act, 2013.
The appointed date for the merger is April 1, 2025, and the scheme involves the dissolution of CB Management without winding up.
The transaction is a merger of a wholly-owned subsidiary into its holding company, resulting in no share issuance and cancellation of the subsidiary's share capital.