Amalgamation is a blending of two or more existing companies /undertakings into one company/ undertaking. The shareholders of two blending companies substantially become shareholders of the blended company. There will be an Amalgamation when two or more companies/undertakings are acquired by a new company.
source https://www.caclubindia.com/articles/merger-acquisitions-under-provisions-of-it-act-1961-47364.asp
source https://www.caclubindia.com/articles/merger-acquisitions-under-provisions-of-it-act-1961-47364.asp
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