Morganite takes the consolidation path | M&A Critique - 0 views
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mnacritique on 21 May 18Merger of DCCL into MCIL with appointed date October 1, 2017 since it is WoS merger there is no consideration, therefore there is no change in shareholding of the company post-merger. The transaction is to consolidate entities under same control however there is no immediate gain for minority shareholders.