Aksh Optifibre to Merge Aksh Broadband Ltd with the Company

Aksh Optifibre Ltd has announced that in case of Aksh Broadband Ltd (Transferor Company) the order of the High Court of Delhi approving its merger with the Company (Transferee Company) has been filed with the Registrar of Companies, NCT of Delhi and Haryana.

As per the terms of the Scheme of Amalgamation, consequent to the filing of said order with the Registrar of Companies, NCT of Delhi and Haryana, merger has become effective.

In case of the Company, High Court of Rajasthan at Jaipur had already approved the merger.

The stock was trading at Rs.41.95, up by Rs.0.60 or 1.45%. The stock hit an intraday high of Rs.43.15 and low of Rs.41.30. The total traded quantity was 1811 compared to 2 week average of 47082.

Source : Equity Bulls

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