Flomic Freight Services Pvt Ltd agreed to acquire Vinaditya Trading Company Limited (BSE:504380) in a reverse merger transaction on February 10, 2015. Under the terms of the transaction, Vinaditya Trading Company Limited will issue 11 shares for each share of Flomic Freight Services Pvt Ltd as consideration. On April 1, 2016, Vinaditya Trading Company Limited announced revised terms of the transaction. Under the revised terms, Vinaditya Trading Company will issue 534 shares for every share of Flomic Freight Services Pvt Ltd. The Board members decided to change its name from ‘Vinaditya Trading Co. Limited’ to `Flomic Global Logistics Limited’, as approved by the Board members in their meeting held on February 21, 2020. The employees of Flomic Freight Services Pvt Ltd and Vinaditya Trading Company Limited and the key managerial personnel’s of Vinaditya Trading Company Limited shall continue. The deal is subject to statutory approval, approval of High Court of Bombay and has been approved by Board of Directors of Vinaditya Trading Company Limited. Vinaditya Trading’s shareholders meeting will be held on July 31, 2017. The cut-off date for determining the eligibility to vote is July 24, 2017. As in July 31, 2017, Vinaditya Trading’s shareholders approved the transaction. National Company Law Tribunal approved the transaction and now its subject to principal approval by the Stock Exchange. Intensive Fiscal Services Pvt Ltd acted as fairness opinion provider and A. W. Ketkar & Co. acted as accountant for Vinaditya Trading Company. Flomic Freight Services Pvt Ltd completed the acquisition of Vinaditya Trading Company Limited (BSE:504380) in a reverse merger transaction on November 1, 2020.