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SEAMEC to consider scheme of arrangement with holding company HAL Offshore; Stock skyrockets 8%

16 Mar 2022 , 09:19 AM

Seamec

SEAMEC Ltd stock is in focus on Wednesday regarding intimation of Board Meeting for consideration of draft Scheme of Arrangement.

In a regulatory filing, the company informed that the Board of Directors of the Company is scheduled to be held on Monday, March 28, 2022, inter-alia to consider and evaluate draft scheme of arrangement in connection with proposal of merger / demerger / reverse merger / restructuring arrangement between the Company and HAL Offshore Limited (HAL).

Notably, HAL is the unlisted and Holding Company of SEAMEC Limited.

On Wednesday early morning trade, SEAMEC was trading at Rs1,189 per piece higher by 8.13% on Sensex.

Related Tags

  • demerger
  • HAL
  • HALOffshore
  • merger
  • Restructuring
  • SEAMEC
  • SEAMEC Ltd
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