Aricent Technologies (Holding) Limited and Capgemini Technology Services India Limited Merger
Scheme of Amalgamation of Aricent Technologies (Holdings) Limited (Transferor Company) with Capgemini Technology Services India Limited and their respective shareholders, with an appointed date of 01 October 2021, has been approved by the National Company Law Tribunal (NCLT).
23 December 2022, and has been made effective from 28 December 2022. The Board of Directors of the Company, in their meeting dated 13 January 2022, have fixed 20 January 2023 as the Record Date, for the purpose of determining the shareholders of the Transferor Company who will be eligible to receive the equity shares of the Company as consideration.
The equity shares will be issued and allotted in the ratio of 1 equity share of Company of INR 10 each fully paid up for every 17 equity shares of Transferor Company of INR 10 each fully paid up.
The Company will also pay to the shareholders of the Transferor Company in lieu of fractional entitlement, if any, an amount (net of withholding taxes) in cash, equal to the value of such fractional share, determined basis the value of shares of the Company in accordance with the valuation report of shares of the Company and of the Transferor Company obtained for the purpose of the Scheme.
