Lumax Auto Technologies and IAC International Automotive India's merger plan has reached a key stage.

The NCLT has reserved its order on their amalgamation.

This is a significant step forward, especially since key authorities like SEBI, the Official Liquidator, and the Income Tax Department have stated they have no objections to the scheme.

The final pronouncement date for the order is still pending.

This update indicates smooth progress toward combining operations, aiming for a more robust business.

No specific swap ratio or financial figures were detailed in this update.