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| Exchange Disseminated Time | Arvind Ltd has informed BSE that in pursuance of the Composite Scheme of Arrangement in the nature of demerger and transfer of Real Estate Undertaking of Arvind Limited to Arvind Infrastructure Limited, as approved by the Hon'ble High Court of Gujarat, the Transferee Company i.e. Arvind Infrastructure Limited is required to issue and allot 1 (One) equity share of Rs. 10 each credited as fully paid up for every 10 (Ten) equity shares of Rs. 10 each held by the shareholders of Arvind Limited on Record Date to be fixed by Arvind Limited.
In pursuance of the same, the Board of Directors of Arvind Limited has fixed May 29, 2015 as the Record Date for determining the entitlement of shareholders of Arvind Limited, the transferor company, to receive the equity shares of Arvind Infrastructure Limited as stated above. |
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