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| Exchange Disseminated Time | Cinemax India Ltd has informed BSE that the Board of Directors of the Company has fixed the date of May 18, 2012 as the record date for the purpose of Demerger and reduction of share capital sequentially.
1) Determine the eligibility of the Members of the Company whose name shall appear in the Register of Members of the Company as on the Demerger Record Date shall be issued and allotted shares of Cinemax Exhibition India Limited in the following manner.
"1 (One) fully paid Equity Shares of Rs. 5 (Rupees Five) each of Cinemax Exhibition India Limited shall be issued and allotted for every 1 (One) fully paid Equity Share of Rs. 10 (Rupees Ten) each held in Cinemax India Limited."
2) Effect the reduction of the issued, subscribed and paid up equity share capital of the Company, by reducing the face value of the each equity shares of Cinemax India Limited from Rs. 10/- to Rs. 5/- per share, fully paid up and thereby reducing the aggregate issued, subscribed and paid-up capital of the Company from Rs. 28.00 crores to Rs. 14.00 Crores. |
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