Mirza International Limited (NSEI:MIRZAINT) agreed to acquire RTS Fashions Private Limited for INR 5 billion on February 22, 2023. Pursuant to the Scheme of Arrangement, upon the Scheme finally coming into effect, the Transferee Company - Mirza International Limited has allotted 1,78,95,900 (One Crore Seventy Eight Lakh Ninety Five Thousand and Nine Hundred) equity shares of Rs. 21- each on February 27, 2023, to the shareholders of the Transferor Company - RTS Fashions Private Limited, in the share exchange ratio mentioned in the Scheme of Arrangement Out of these shares 1,71,49,440 equity shares have been allotted to the Promoters and Promoter Group of Mirza International Limited. The transaction has been approved by the Honble National Company Law Tribunal, Allahabad Bench, Prayagraj.

Mirza International Limited (NSEI:MIRZAINT) completed the acquisition of RTS Fashions Private Limited on February 25, 2023.