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| Exchange Received Time 17/03/2017 13:39:04 Exchange Disseminated Time 17/03/2017 13:39:08 Time Taken 00:00:04 | | With reference to above captioned subject, the Board of Directors of the Company at their Meeting held on Friday 17th March, 2017 approved and allotted 4,11,33,113 fully paid-up equity shares of Re.1/- each of the Company, to the members whose names are recorded in the register of members of Bhagyanagar India Limited on Record Date, as per the swap ratio i.e., 4 equity shares of Re.1/- each fully paid up of Surana Telecom and Power Limited for every 6 equity shares of Rs.2/- each fully paid of Bhagyanagar India Limited.The shares allotted pursuant to the Scheme of Arrangement shall: a)in the case of shares allotted in demat form, remain frozen in the depositories system and therefore, not be available for trading; and b)in the case of shares allotted in physical form, not be available for trading on the floor of the Stock Exchange(s) till the relevant listing/trading permissions are given by the Stock Exchange(s). |
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