Master Components Ltd (MCL) is merging with sister concern Master Moulds Pvt Ltd (MMPL) to streamline operations, achieve cost efficiencies, and enhance business opportunities through synergy.

MMPL has assets of 3.14 Cr and turnover of 6.88 Cr, while MCL has assets of 24.19 Cr and turnover of 42.40 Cr.

The swap ratio is 41 MCL shares for every 1 MMPL share.

Post-merger, promoter holding in MCL will rise from 67.10% to 74.84%, indicating a dilution for existing public shareholders.

The merger awaits various regulatory and shareholder approvals.