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| NOTICES |
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| Notice No. |
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20230306-50 |
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Notice Date |
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06 Mar 2023 |
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| Category |
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Corporate Actions |
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Segment |
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Equity |
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| Subject |
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Amalgamation of Jindal Stainless (Hisar) Limited (Scrip Code: 539597). |
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| Content |
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Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation between Jindal Stainless Limited (“Transferee Company”) and Jindal Stainless (Hisar) Limited (“Transferor Company”) and Others, as sanctioned by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench. Jindal Stainless (Hisar) Limited has informed the Record Date fixed to determine the entitlement of shareholders of Jindal Stainless (Hisar) Limited to the Equity Shares of Jindal Stainless Limited.
Trading Members are advised not to deal in the Equity Shares of Jindal Stainless (Hisar) Limited with effect from the under mentioned date:-
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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NO DEALINGS
FROM
W.E.F.
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Jindal Stainless (Hisar) Limited (539597)
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09/03/2023
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As per the Scheme of Amalgamation sanctioned by the Hon’ble NCLT, Chandigarh Bench: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of Jindal Stainless (Hisar) Limited Into Jindal Stainless Limited;
Jindal Stainless Limited shall issue and allot Equity Shares to the shareholders of Jindal Stainless (Hisar) Limited in the following share exchange ratio:-
“195 (One Hundred Ninety Five) fully Paid-Up Equity Shares of Jindal Stainless Limited having a Face Value of Rs.2/- each to be issued as fully paid-up, for every 100 (Hundred) fully Paid-Up Equity Shares held by shareholder of Jindal Stainless (Hisar) Limited having a Face Value Rs.2/- each (“Share Exchange Ratio”).”
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09/03/2023
DR-735/2022-2023
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Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
6th March, 2023 |
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