The merger of AIIPL and Automark Technologies India Pvt Ltd (ATPL) was approved by the National Company Law Tribunal (NCLT) on March 4, 2022.
Written by: Planify
Published: 30 September 2023
Updated: 08 April 2024
1 min read
AIIPL and ATPL’s merger was approved by NCLT on March 4, 2022. From FY20 onwards, management decided to wind down the lending business. Management decided to use the released funds to meet working capital or capital expenditure (capex) requirements of AIIPL.
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