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Gloster fixes record date for scheme of amalgamation

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Capital Market
Last Updated : Apr 16 2018 | 1:31 PM IST

Record date is 26 April 2018

Gloster has fixed 26 April 2018 as the Record Date for the purpose of determining the shareholders entitled to receive the shares of the Transferee Company pursuant to the Scheme of Amalgamation Of Gloster ('Transferor Company') with Kettlewell Bullen & Company ('Transferee Company').

In accordance with the Scheme, Equity Shareholders of Transferor Company are entitled to receive Equity Shares of the Transferee Company in the ratio of 2:5 i.e., 2 (two) fully paid up equity shares of Rs.10/- each of the Transferee Company in lieu of every 5 (five) fully paid up equity shares of 10/- each held by them in Transferor Company.

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First Published: Apr 16 2018 | 1:15 PM IST

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