IDFC Bank Ltd.,
SUB. :- Scheme of Arrangement of IDFC Ltd. (Scrip Code 532659)
Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon’ble High Court of Judicature at Madras, IDFC Ltd., has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company as per details given below:
COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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EX-ENTITLEMENT FROM
DATE &
SETT. NO.
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IDFC Ltd.
(432659;532659;
632659)
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05/10/2015
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As per Scheme of Arrangement sanctioned by the Hon’ble High Court of Judicature at Madras, between, IDFC Ltd and IDFC Bank Ltd : -
Upon the Scheme becoming effective and in consideration of the demerger and transfer of Financing Undertaking of IDFC Ltd into IDFC Bank Ltd, IDFC Bank shall issue and allot shares credited as fully paid-up to the shareholders of IDFC Ltd. in the following proportion:
“ 1 (ONE) fully paid up equity share of Rs.10/- of IDFC Bank Ltd. shall be issued and allotted for every 1 (ONE) fully paid up equity share of Rs.10/- each held in IDFC Ltd”
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01/10/2015
DR-128/2015- 2016
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