Industrial Investment Trust
168.67
-0.73(-0.43%)
Market Cap₹369.80 Cr
PE Ratio96.57
Company Performance:
1D-0.43%
1M-0.82%
6M-53.29%
1Y-0.44%
5Y+175.60%
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Latest news about Industrial Investment Trust
NCLT Greenlights Amalgamation of IITL Subsidiaries: A Strategic Move Towards Consolidation Mar 20, 2025
The National Company Law Tribunal (NCLT) has approved the amalgamation of two wholly-owned subsidiaries of Industrial Investment Trust Limited (IITL): IIT Investrust Limited and IITL Management and Consultancy Private Limited. The merger, effective from April 1, 2024, aims to streamline operations, enhance efficiency, and optimize resources within the IITL group. The consolidation is expected to result in operational synergies, simplified management, and improved financial flexibility. No new equity shares will be issued as IITL already holds the entire share capital of the transferor companies.