NCLT Clears Merger of Amazon India’s Logistics & Marketplace Arms

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SUMMARY

ASSPL will issue 38 equity shares for every 10 equity shares held in ATSPL

Post-merger, all ATSPL employees shall be absorbed by ASSPL with no loss of service or benefits, said the NCLT notification

The merger would help Amazon streamline the business operations of the two companies and reduce legal and tax compliance. 

The Bengaluru bench of National Company Law Tribunal (NCLT) has approved the merger of Amazon India’s logistics and transport arm Amazon…



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NCLT Clears Merger of Amazon India’s Logistics & Marketplace Arms


SUMMARY

ASSPL will issue 38 equity shares for every 10 equity shares held in ATSPL

Post-merger, all ATSPL employees shall be absorbed by ASSPL with no loss of service or benefits, said the NCLT notification

The merger would help Amazon streamline the business operations of the two companies and reduce legal and tax compliance. 

The Bengaluru bench of National Company Law Tribunal (NCLT) has approved the merger of Amazon India’s logistics and transport arm Amazon…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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