Nirvikara Paper Mills allots equity shares to shareholders of BIL in ratio of 1:9
Balkrishna Industries announced that pursuant to Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 between Balkrishna Industries (BIL) and Balkrishna Paper Mills (BPML) and Nirvikara Paper Mills (NPML) and their respective shareholders and creditors sanctioned by the High Court of Judicature at Bombay vide Order dated 19 December 2014 became effective from 10 February 2015.On 31 March 2015, NPML has allotted one fully paid up Equity share of Rs. 10/- each of NPML for every nine fully paid equity shares held in BIL to those shareholders of BIL who hold the shares on 25 March 2015, being Record Date.
Powered by Capital Market - Live News