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SMS Pharmaceuticals provides update on scheme of arrangement

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Capital Market
Last Updated : Jun 29 2017 | 12:01 AM IST

SMS Lifesciences India allots 30,23,287 equity shares as per terms of scheme

SMS Pharmaceuticals announced that as per the terms of the scheme of arrangement between SMS Pharmaceutical (demerged company) and SMS Lifesciences India (resulting company), the Board of Directors of SMS Lifesciences has allotted 30,23,287 equity shares of Rs 10 each as fully paid up to members of SMS Pharmaceutical as on record date of 23 June 2017 in the ratio of 1 equity share of Rs 10 each of SMS Lifesciences India allotted for every 28 equity shares of Re 1 each of SMS Pharmaceuticals.

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First Published: Jun 28 2017 | 9:04 AM IST

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