The Madras High Court has sanctioned the scheme of amalgamation of Natco Organics Ltd, a wholly owned subsidiary of the company with Natco Pharma Ltd.

An order had been issued in this regard by the court on April 28, 2016, the Hyderabad-based Natco informed the Bombay Stock Exchange (BSE) on Monday.

Natco had obtained shareholders’ approval for the amalgamation in November last year. Its scrip was trading up by 1.59 per cent to Rs 464 on the BSE.