Don’t miss the latest developments in business and finance.

Aditya Birla Fashion & Retail allots equity shares

Image
Capital Market
Last Updated : Dec 05 2016 | 7:47 PM IST

Under Scheme of arrangement

Aditya Birla Fashion & Retail announced that pursuant to the Composite Scheme of Arrangement amongst the Company, Aditya Birla Nuvo ("ABNL"), Madura Garments Lifestyle Retail Company and their respective shareholders and creditors, the Company has allotted 206,439 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident Repatriable Shareholders of ABNL on Non- Repatriable/ Residential basis, under Lot 5 on 05 December 2016. The said Shares rank pari passu in all respects with the existing Equity Shares of the Company.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company has increased from Rs. 7,69,21,50,620 (i.e. 76,92,15,062 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,69,42,15,010 (i.e. 76,94,21,501 Fully Paid-up Equity Shares of Rs. 10/- each).

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 05 2016 | 7:11 PM IST

Next Story