A plea for the merging of Oxford University Press (OUP) Pakistan and the University of Oxford's Chancellor Master's and Scholars has been granted approval by the Sindh High Court (SHC).


The transfer plan includes all of the OUP Pakistan Branch's business, operations, and activities as well as the properties, assets, rights, liabilities, and obligations specified in the scheme.


According to the SHC, Oxford Publishing Limited, a completely owned affiliate of the University of Oxford, owns 100% of OUP Pakistan. OUP Pakistan was therefore eligible for the exclusions mentioned in the 2016 Competition (Merger Control) Rules, and no pre-merger consent was needed.


The resolution that authorized and implemented the plan of arrangement was made by the Oxford University Press's sole member in accordance with the Companies Act 2017, according to the SHC bench chaired by Judge Shafi Siddiqui.


The court also observed that the arrangement guaranteed that the creditors' rights and security would not be harmed or diminished and that the creditors' portion had been secured. The strategy also guarantees employee retention at the Oxford University Pakistan Branch and offers job chances to every employee.


The SHC further observed that all relevant financial information had been revealed, including the respondents' most recent certified and unaudited accounts, and that no investigation processes, including Securities and Exchange Commission of Pakistan inquiries, were ongoing (SECP).