India Infoline Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 10, 2012, inter alia, has considered the following; Approved the merger of India Infoline Marketing Services Ltd ('IIMSL'), the Wholly Owned Subsidiary ('WOS'), with the Company pursuant to Section 391 to 394 of the Companies Act, 1956 and subject to necessary regulatory and court approvals. The 'Appointed Date' of the merger is April 1, 2011. As IIMSL is WOS of the Company, the proposed merger will not involve any consideration. India Infoline Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay had approved the Scheme of Amalgamation ('the Scheme') of India Infoline Marketing Services Ltd ('Transferor Company'}, a wholly-owned subsidiary, with India Infoline Limited ('Transferee Company') vide order dated April 27,2012, a certified copy of which was made available on May 07, 2012. Upon filing of the certified copy of the aforesaid Court Order with the Registrar of Companies, Mumbai, Maharashtra, on May 08, 2012, the Scheme has become effective on the said date. The Scheme is operative from April 01, 2011, being the Appointed Date in terms of the Court Order. Further the Company has informed that the Transferor Company being a wholly owned subsidiary of the Transferee Company, there is no consideration involved pursuant to the Scheme. (As Per BSE Announcement Dated on 08.05.2012)