Mumbai-based IDFC Ltd on Friday, December 9, said the Chennai bench of the National Company Law Tribunal (NCLT) has approved the merger of IDFC Alternatives, IDFC Trustee, and IDFC Projects with a private lender. “The Scheme of Amalgamation of IDFC Alternatives, IDFC Trustee Company and IDFC Projects (wholly owned subsidiary Companies) into IDFC was approved and sanctioned by the National Company Law Tribunal, Chennai bench vide Order dated November 22, 2022,” the lender said in an exchange filing.
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