Renata Limited (DSE:RENATA) signed an agreement to acquire unknown remaining shares of Renata Oncology Limited on October 29, 2019. Under the terms of transaction, the exchange of 0.02 shares of Renata Limited for each share of Renata Oncology Limited. The transaction is subject to approval of consent of creditors, shareholders and approval from the Honorable High Court division of Supreme Court of Bangladesh and other legal/regulatory authorities. On November 14, 2019, the board of Renata Limited approved the transaction.
Renata Limited (DSE:RENATA) completed the acquisition of unknown remaining shares of Renata Oncology Limited on July 26, 2020. The Hon'ble High Court Division of the Supreme Court of Bangladesh has sanctioned the Scheme of Amalgamation of Renata Oncology Limited with Renata Limited on July 26, 2020.