VISA Infrastructure Demerger into VISA Industries Approved

NCLT Kolkata approves Scheme of Arrangement for demerger of VISA Infrastructure's Trading Division into VISA Industries effective April 1, 2025.
Scheme involves transfer of all assets, liabilities of Demerged Undertaking to Resulting Company based on valuation by Omnifin Valuation Services.
Regional Director and Income Tax Department raised no objections after petitioners addressed all compliance requirements and undertakings.
Demerged Company is 99.9986% owned by VISA Group Family Foundation while Resulting Company is its wholly-owned subsidiary.