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Advanta: Update on Scheme of Amalgamation of Advanta Limited and UPL Limited and their respective shareholders and creditors


With reference to the earlier letter dated June 23, 2016, Advanta Ltd has now informed BSE that the Hon?ble High Court of Gujarat at Ahmedabad vide its order dated June 23, 2016 has sanctioned the Scheme of amalgamation of Advanta Limited (?Advanta? or ?Transferor Company?) and UPL Limited (?UPL? or the Transferee Company?) and their respective shareholders and creditors (?Scheme?). The Scheme has become effective on July 20, 2016, being the date of filling the form INC-28 with the Registrar of Companies.