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| Exchange Disseminated Time | BASF India Ltd has informed BSE that the Board of Directors of the Company have fixed March 18, 2010 as the Record Date for the purpose of determining the shareholders of Ciba India Ltd. and Ciba Research (India) Pvt. Ltd., who will be entitled to receive equity shares of BASF India Ltd. in terms of the Scheme of Amalgamation of Ciba India Ltd, Diamond Dye-Chem Ltd. and Ciba Research (India) Pvt. Ltd. ("the Transferor Companies") with BASF India Ltd. ("the Transferee Company").
In terms of the Scheme of Amalgamation, BASF India Ltd will issue and allot 90 (Ninety) Equity Shares of Rs. 10/- each fully paid up for every 100 (Hundred) Equity Shares of the Ciba India Ltd. of Rs. 10 each fully paid up and 18 (Eighteen) Equity Shares of Rs. 10/- each fully paid up of BASF India Ltd. for every 100 (Hundred Equity Shares of the Ciba Research (India) Pvt. Ltd. of Rs. 10 each, fully paid up. |
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