Wednesday, May 20, 2015

Welspun Enterprises

Scheme of Amalgamation of Welspun Enterprises Ltd.
Content
SUB. : - Scheme of Amalgamation of Welspun Enterprises Ltd. (Scrip Code 538538).

Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation of Welspun Enterprises Limited with Welspun Projects Ltd as approved by the Hon’ble High Court of Judicature of Bombay and Hon’ble High Court of Gujarat at Ahmedabad, Welspun Projects Ltd has fixed a Record Date to determine the entitlement of shareholders of Welspun Enterprises Ltd. to the equity shares of Welspun Projects Ltd.

Trading Members are advised not to deal in the equity shares of Welspun Enterprises Ltd. with effect from the under mentioned date.

COMPANY NAME 
CODE
RECORD DATE
PURPOSE
NO DEALINGS FROM
Welspun Enterprises Ltd.
(538538)
05/06/2015

The Scheme of Amalgamation: -

Amalgamation of Welspun Enterprises Ltd. with Welspun Projects Ltd.

Upon the Scheme becoming effective, in consideration of transfer and vesting of the Undertaking of Welspun Enterprises Ltd. in Welspun Projects Ltd, Welspun Projects Ltd shall issue and allot shares to all the shareholders of Welspun Enterprises Ltd. in the following share exchange ratio:

12 (TWELVE) equity shares of Rs. 10/- each of Welspun Projects Ltd. for every 1 (ONE) equity share of Rs. 10/-  each held in Welspun Enterprises Ltd.
04/06/2015
DR-045/2015-2016


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

 

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