Thursday, June 13, 2013

Future Ventures India

Notice No20130613-24Notice Date13 Jun 2013
CategoryCorporate ActionsSegmentEquity
SubjectScheme of Arrangement of Future Ventures India Ltd.
Content
SUB. :- Scheme of Arrangement of Future Ventures India Ltd. (Scrip Code 533400)

Trading Members of the Exchange are hereby informed that, Future Ventures India Ltd. (FVIL) has fixed
 the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to
the Scheme of Arrangement (Demerger & Reduction of Capital) of the Company sanctioned by Hon’ble
High Court at Bombay.


COMPANY NAME
CODE
RECORD DATE
PURPOSE
NO DEALINGS 
FROM
DATE &
SETT. NO.
Future Ventures India Ltd.
(533400, 633400)
24/06/2013

Scheme of Arrangement: -

Upon this Scheme coming into effect, in consideration of the transfer of FVIL Demerged Undertaking (Fashion Business) by FVIL to Future Lifestyle Fashions Limited (FLFL):

Every equity shareholder of Future Ventures India Ltd shall be entitled to receive 1 equity share of FLFL, for every 31 equity shares held in Future Ventures India Ltd,

Reduction of share capital:

The face value of shares held by shareholders of FVIL shall be reduced from Rs. 10/- each to Rs. 6/- each.
21/06/2013
DR-060/2013- 2014



Trading Members of the Exchange are requested to take note of it.

Print this post

No comments: