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| Exchange Received Time 19/02/2018 19:08:19 Exchange Disseminated Time 19/02/2018 19:08:24 Time Taken 00:00:05 | This has ref. to the letter no. GPIL/NSE&BSE/2018/3425 dated 19.02.2018 intimating the outcome of the Board meeting. The para E of Annx. A,may be read as under:-
E.In case of cash consideration - amt. or otherwise share exchange ratio;
There will not be any cash consideration in the exchange ratio.Consequent upon regulatory &other approvals of the Scheme, the 26,05,000 equity shares held by the transferee Co.in the transferor Co.shall stand cancelled &the remaining shareholders of Transferor Co.will be issued 45 new equity shares of Rs 10/- each fully paid up of the Transferee Co.for every 100 equity shares held in the Transferor Co. Accordingly the paid up equity share capital of Transferee Co. will increase by Rs. 22791150 from Rs.352362470 to Rs.375153620.
The equity shares Transferee Co. are already listed on NSE&BSE. The new equity shares(New Shares) to be issued and allotted to the shareholders of Transferor Co.shall also be listed with NSE&BSE, subject to necessary approvals. |
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