NCLT Approves Demerger, Paving Way for Two New Companies
India Glycols Ltd · 500201 · BSE ·
• The National Company Law Tribunal (NCLT) has officially approved the company's Scheme of Arrangement to demerge its Biopharma and Spirits businesses. • Two new companies will be formed: <b>Ennature Bio Pharma Ltd</b> (for the Biopharma business) and <b>IGL Spirits Ltd</b> (for…