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The board of Manugraph India on Tuesday considered and approved a scheme of merger. The scheme entails absorption of Constrad Agencies (Bombay) Pvt Ltd, and Maiu Enterprises and Santsu Finance and Investment Pvt Ltd with Manugraph India. The scheme is subject to sanction from the National Company Law Tribunal, approvals from the stock exchanges, SEBI, the respective shareholders and creditors of the amalgamating and amalgamated companies and such other statutory or regulatory approvals, the company said in a notice to the stock exchanges. Shares of Manugraph India fell 0.43 per cent to close at ₹46.75 on the BSE.
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