TaxTMI 
TaxTMI 
CCI approves Composite Scheme of Arrangement and Amalgamation between Shriram Group Companies
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....CI approves Composite Scheme of Arrangement and Amalgamation between Shriram Group Companies <br>News and Press Release<br>Dated:- 2-8-2022<br><BR>The Competition Commission of India (CCI) approves Co....
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....mposite Scheme of Arrangement and Amalgamation between Shriram Group Companies under Section 31(1) of the Competition Act, 2002. The proposed combination involves composite scheme of arrangement and ....
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....amalgamation (Scheme) between Shrilekha Business Consultancy Private Limited (SBCPL), Shriram Financial Ventures (Chennai) Pvt. Ltd (SFVPL), Shriram Capital Limited (SCL), Shriram Transport Finance Co....
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....mpany Limited (STFC), Shriram City Union Finance Limited (SCUF), Shriram LI Holdings Pvt Ltd (SLIH), Shriram GI Holdings Pvt. Ltd (SGIH) and Shriram Investment Holdings Ltd (SIHL). The salient featur....
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....es of the Scheme are as under:- * The amalgamation of SBCPL with SCL; * The demerger of the undertaking from SCL, carrying on the business of Financial Services, and the transfer and vesting there....
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....of into SIHL; * The demerger of undertakings from SCL carrying on the businesses of a) Life Insurance and b) General Insurance, and the transfer and vesting of the same into a) SLIH); and b) SGIH re....
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....spectively; * The amalgamation of SCL (with its remaining undertaking and investments) with STFC; and * The amalgamation of SCUF with STFC. Detailed order of the CCI will follow.<BR> News - Press....
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.... release - PIB....