Meeting with shareholder scheduled on 10 Aug as per NCLT directives for Fontech – Welding amalgamation.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/a44358b2-dfdd-46f2-851f-4e90cdd94440.pdf
Arbitrage opportunity exists for Ador Fontech (AF) basis merger ratio, 5 shares of Ador Welding (AW) for 46 AF shares… so AF better bet till AW / AF ratio >9.2, current ratio ~11 as AW CMP ~1,200 and AF CMP ~110
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