"The company has received an intimation from Inditrade Microfinance Limited (IMFL), a debt listed company and a material subsidiary of the company, informing that the board of directors of IMFL at its meeting held today (October 7) has, inter alia, approved the scheme of amalgamation of Janakalyan Financial Services Private Limited with Inditrade Microfinance Limited with effect from 1st July, 2022," filing said.
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