Bhagyanagar India Merger & Restructuring
Bhagyanagar India Limited fixed October 8, 2026, as the record date for a scheme of arrangement. The scheme involves a 1:1 share swap with Tieramet Limited.
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Bhagyanagar India Limited fixed October 8, 2026, as the record date for a scheme of arrangement. The scheme involves a 1:1 share swap with Tieramet Limited.
Bhagyanagar India Limited announced that the National Company Law Tribunal, Hyderabad Bench, has approved the Composite Scheme of Arrangement involving Bhagyanagar Copper Private Limited and Tieramet Limited.
Bhagyanagar India Limited filed a Joint Company Petition with the NCLT for a composite scheme involving the amalgamation of Bhagyanagar Copper Private Limited and the demerger of its copper business into Tieramet Limited. The NCLT has admitted the petition and scheduled a hearing for June 9, 2026. Tieramet's equity shares are intended to be listed on the NSE and BSE.