MERGERS

A merger is an agreement that unites two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Mergers and acquisitions are commonly done to expand a company’s reach, expand into new segments, or gain market share. All of these are done to increase shareholder value. 

We at Prismcube Consultancy have a panel of experts to develop a clearly articulated strategy and an M&A plan that reinforces that strategy. After in-depth study of the companies’ financials and assimilating management’s objectives, we deliver a set of cost effective options which also pave the way for long term profitable growth.  

PROCEDURE REQUIRED FOR THE MERGER OF COMPANIES
1. Examination of object clauses
2. Intimation to stock exchanges
3. Approval of the draft merger proposal by the respective boards
4. Application to high courts
5. Joint Application
6. Dispatch of notice to shareholders and creditors
7. Holding of meetings of shareholders and creditors
8. Petition to the High Court for confirmation and passing of HC orders
9. Filing the order with the registrar
10. Transfer of assets and liabilities
11. Issue of shares and debentures