NCLT Clears Merger of Amazon India’s Logistics and Marketplace Arms

by · Inc42

SUMMARY

  • ASSPL will issue 38 equity shares for every 10 equity shares held in ATSPL
  • Post-merger, all ATSPL employees shall be absorbed by ASSPL with no loss of service or benefits, said the NCLT notification
  • The merger would help Amazon streamline the business operations of the two companies and reduce legal and tax compliance.