NCLT Principal Bench approves first motion application for Yamaha Motor India's demerger and amalgamation scheme, dispensing with shareholder and creditor meetings.
100% of all shareholders and over 90% of unsecured creditors by value provided written consent for the scheme, meeting statutory thresholds.
The scheme involves demerging Yamaha Motor India Pvt Ltd into India Yamaha Motor Pvt Ltd, followed by amalgamation of Yamaha Motor India Sales Pvt Ltd.
A registered valuer determined share swap ratios of 0.0363 and 0.1066 to ensure fair exchange for shareholders of the demerged and transferor companies.