Ace Alpha Tech Approves Amalgamation Into Share India Securities At 863:1000

Board approved Scheme of Amalgamation of Ace Alpha Tech into Share India Securities as going concern under Sec 230-232. Swap ratio 863 Share India Rs2 shares for 1000 Ace Alpha Rs10 shares. Moves earlier in-principle merger proposal to board-approved Scheme with first swap terms. Combines tech business with broking platform for integrated growth. Subject to shareholder, creditor, NCLT and exchange and SEBI approvals. Reg 37 filing due. Ace Alpha to dissolve. IPO funds and Silverleaf treatment not disclosed.