ORDER

1. The present joint Company Petition has been filed by the Petitioner Companies namely; Convergys India Services Private Limited (hereinafter referred to as the “Petitioner No. 1” or “Demerged Company”) & Concentrix Technologies (India) Private Limited (hereinafter referred to as the “Petitioner No. 2” or “Resulting Company No. 1”), to obtain sanction of this Tribunal to the Scheme of Arrangement amongst Petitioner No. 1 and Petitioner No. 2 (hereinafter referred to as the “Scheme”) and Concentrix Services (Netherland) BV (hereinafter referred to as the “Non-Applicant Company” or “Resulting Company No. 2”) under Sections 2 30 -232 of the Companies Act, 2013 (the Act) and other applicable provisions of the Act read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (the Rules).

2. The Scheme provides for the demerger of the Demerged Undertaking of the Demerged Company and vesting of the same in the Resulting Company No. 1. The Resulting Company No. 1 is a wholly owned subsidiary of the Non-Applicant foreign Company (Resulting Company No. 2). The demerged Company is also a wholly owned subsidiary of a foreign Company- Concentrix CVG Customer Management Gro