Batliboi Ltd. merging its associate company

Batliboi Limited has a history of collaborations with various foreign technical partners and has subsidiaries like Hydraulic & General Engineers Ltd. and Batliboi International Ltd. In March 2024, the board of Directors of Batliboi Limited accorded their approval for the merger of promoter owned private company with itself.

- Anirudha Jain

Batliboi Limited ("BL" or "Transferee Company") is incorporated in 1941 is engaged in the business of Machine Tools, Air Engineering, and Textile Machinery. The equity shares of BL are listed on BSE Limited.

Batliboi Environmental Engineering Limited ("BEEL" or "Transferor Company") is incorporated in 1959 is engaged in the business of design, selection, engineering, fabrication, supply, installation and commissioning of air pollution control equipment and system for variety of industrial and municipal applications. BEEL is owned by the promoters of BL & BL. As on date, BL holds 11.93% equity shares of BEEL.

Earlier Scheme:

In March 2023, BL announced similar scheme for merger of BEEL with itself. The Consideration for the merger was 9 fully paid 7% optionally convertible preference shares of INR 10 each for every 10 equity shares of BEEL.