Under composite scheme of arrangement
Aditya Birla Fashion & Retail announced that pursuant to the Composite Scheme of Arrangement amongst the Company, Aditya Birla Nuvo Limited ("ABNL"), Madura Garments Lifestyle Retail Company Limited and their respective shareholders and creditors, the Company has allotted 92,704 Equity Shares ("said Shares") of Rs. 10/- each, to Non-resident Repatriable Shareholders of ABNL on Non- Repatriable/ Residential basis, under Lot 4 on 09 November 2016. The said Shares shall 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. 7,69,12,23,580 (i.e. 76,91,22,358 Fully Paid-up Equity Shares of Rs. 10/-each) to Rs. 7,69,21,50,620 (i.e. 76,92,15,062 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
