https://www.taxtmi.com/caselaws?id=398968 The Tribunal approved the Scheme of Arrangement for the acquisition of the front-end retail pharmacy business of a listed public limited company by an unlisted public limited company for a total consideration of Rs. 527.80 Crores. The Scheme aimed to divest the pharmacy business to focus on core services, enhance strategic flexibility, accelerate growth, and unlock shareholder value. The Tribunal found the Scheme compliant with statutory requirements, beneficial for the companies, and not objected to by regulatory authorities. The transfer was sanctioned, with directions for compliance and implementation. en-us Fri, 31 Jul 2020 00:00:00 +0530 Tue, 29 Sep 2020 06:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398968 The Tribunal approved the Scheme of Arrangement for the acquisition of the front-end retail pharmacy business of a listed public limited company by an unlisted public limited company for a total consideration of Rs. 527.80 Crores. The Scheme aimed to divest the pharmacy business to focus on core services, enhance strategic flexibility, accelerate growth, and unlock shareholder value. The Tribunal found the Scheme compliant with statutory requirements, beneficial for the companies, and not objected to by regulatory authorities. The transfer was sanctioned, with directions for compliance and implementation. Case-Laws Companies Law Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398968