NCLT sanctioned Swan Defence's merger with Triumph Offshore, consolidating operations for strategic growth and efficiencies.

Swan Defence will issue 1325 preference shares for every 1000 Triumph Offshore shares.

The scheme also includes a balance sheet cleanup to offset ~INR 2106 Cr debit in retained earnings using reserves.

No comments yet. Be the first.

More from Swan Defence and Heavy Industries Limited

Free

Join 5,000+ investors following the market on Alpha Tribe.

Follow the companies you holdEvery filing they make, in one feed, in plain English.
Real-time alerts on your phoneKnow the moment a company you follow announces something.
Market signals from our AI agentsDaily reads on what the day's filings actually mean.

No card needed. Takes about a minute.