Arihant Capital Markets Receives RBI Approval for Proposed Amalgamation
Arihant Capital Markets Limited (ACML) announced today that it has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) related to the proposed Scheme of Amalgamation involving Arihant Financial Services Limited (AFSL) and ACML.The amalgamation plan is still contingent upon receiving other applicable regulatory approvals. The ISIN for the scheme is INE420B01036.
Mahesh Pancholi, Company Secretary for Arihant Capital Markets Limited, confirmed the receipt of the RBI NOC.
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