Crest Ventures Limited Receives 'No Adverse Observations' from BSE and NSE regarding Scheme of Arrangement
Crest Ventures Limited (CVL) has received positive observations from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) concerning its ongoing Scheme of Arrangement with Crest Capital and Investment Limited (CCIL). The approvals mark a significant step toward advancing the corporate restructuring plan.The company confirmed that it received the 'No adverse observations' letter from BSE and the 'No objection' letter from NSE on July 20, 2026. These regulatory clearances are set to facilitate the next stage of the scheme.
The Scheme of Arrangement involves Crest Ventures Limited (CVL), designated as the Demerged Company, and Crest Capital and Investment Limited (CCIL), identified as the Resulting Company. The restructuring is being pursued under Sections 230 to 232 of the Companies Act, 2013.
The receipt of these observations allows CVL to proceed with the next phase of the process. The company indicated that upon fulfilling all stipulated conditions mentioned in both observation letters, it will move forward with filing the Scheme before the National Company Law Tribunal (NCLT).
These exchanges' approvals are conditional on the satisfactory receipt of approval from the relevant sectoral regulator, and the observance of necessary compliance requirements outlined in their respective communications.
CREST Stock Price Movement
On Wednesday, Crest Ventures Limited shares edged higher to close at ₹376.25, gaining 0.53% from its previous settlement price. The stock traded within a tight session range, achieving a low of ₹367.05 and testing a high of ₹379.5 during the period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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