Himalayan Capital to Acquire Civil Capital Market; Both Companies Call SGM on 27th Bhadra to Endorse Share Swap Ratio
Tue, Aug 29, 2023 10:29 AM on Latest, AGM/Special AGM, Merger/Acquistion,
Himalayan Capital Limited and Civil Capital Market Limited have called their SGM on 27th Bhadra, 2080 respectively. The meeting of both companies will be held in their own respective head offices, starting from 11 am that day.
Both the SGM will pass a resolution regarding evaluating the Due Diligence Audit and endorse a share swap ratio of 100: 31 for the acquisition between Himalayan Capital Limited and Civil Capital Market Limited, implying that 100 units of Himalayan Capital will be converted into 31 units while Civil Capital shares would remain unchanged. The meeting will also pass an agenda to approve all the tasks related to acquisition such as the appointment of Associates, Chartered Accountants, and the remuneration to be paid to them.
Furthermore, this SGM will endorse providing full authority to the board of directors to amend various acquisition-related proceedings accordingly if any instructions are received from the regulatory bodies.