CCL Products going through a demerger between Continental Coffee Private Limited (Demerged Company) and CCL Products India Limited. https://www.bseindia.com/xml-data/corpfiling/AttachLive/fee2cb72-c2a0-4e22-ba37-30b5b881d2d0.pdf
Point xi in the appended order by NCLT Hyderabad Branch:
“The present Scheme of Arrangement does not contemplate any issue / allotment of shares by the Resulting Company (i.e., the transferce Company) to the Shareholders of the Demerged Company (Le, transferor Company), since the Demerged Company is the Wholly Owned Subsidiary Company of the Resulting Company. Need to determine Share Exchange Ratio or valuation does not arise. Hence, Valuation Report has not been obtained.”
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