Pressman Advertising shareholders approve merger with Signpost India
As per the merger pact, shareholders of Pressman will get one share of Signpost in exchange for each share of Pressman
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Published: Jun 5, 2023 11:14 AM | 1 min read
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The shareholders of Pressman Advertising have given their approval for its merger with Signpost India, media reports say.
The meeting of shareholders saw 99.9986 per cent votes being cast "in favour of the scheme", it was reported.
The merger pact says shareholders of Pressman will get one share of Signpost in exchange for each share of Pressman.
The promoters of Pressman will become co-promoters in the merged entity along with the existing promoters of Signpost, news agencies have reported.
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