Ador Welding shares certificate of merger of Ador Welding Academy; Stock ends lower

The merger is subject to the approval of NCLT and other statutory & regulatory authorities.

Jun 24, 2021 03:06 IST India Infoline News Service

Ador Welding Limited (AWL) shared the certified copy of the board resolution on May 28, 2021, approving the Scheme of Amalgamation of Ador Welding Academy Private limited (AWAPL)with the company (AWL) and their respective Shareholders subject to the approval of the National Company Law Tribunal (NCLT) and other statutory & regulatory authorities.

It also shared certified true copy of Scheme of Amalgamation (Merger by Absorption).

Ador Welding Ltd trade on Thursday ended at Rs583.50 per piece down by Rs9.55 or 1.61% from its previous closing of Rs593.05 per piece on the BSE.

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