NCLT issued first motion order approving amalgamation of four wholly-owned subsidiaries into Info Edge (India) Limited with appointed date of April 1, 2025.
Tribunal dispensed with shareholder and creditor meetings for all transferor companies but directed meetings for Info Edge shareholders and creditors.
Scheme aims to simplify corporate structure, reduce compliance costs, and pool resources of real estate, recruitment, and internet service subsidiaries.
NCLT appointed chairperson and scrutinizer for Info Edge meetings with remuneration of ₹1.5 lakh and ₹75,000 respectively plus expenses.