Corporate Announcement
Security Code : 522113    Company : TIMKEN    
 
Announcement under Regulation 30 (LODR)-AllotmentDownload PDF Download XBRL
  Exchange Received Time  04/09/2018 10:05:52         Exchange Disseminated Time   04/09/2018 10:05:56              Time Taken   00:00:04
Pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 and further to our communication dated August 30, 2018 informing about the Scheme of Amalgamation and Arrangement between ABC Bearings Limited ('ABC') and Timken India Limited ('Timken') and their respective shareholders and creditors ('Scheme') becoming effective from August 30, 2018, We would like to inform you that the Integration Committee of the Board of Directors of Timken at its meeting held today has allotted 72,18,750 equity shares of face value Rs. 10/- each, fully paid-up to the equity shareholders of ABC, whose names appeared in the Register of Members or Statement of Beneficial Owners provided by the Depositories as on the Record Date i.e. 25 August, 2018 as per Share Exchange Ratio mentioned in the Scheme.
 

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