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Indian Stock Market. Investment Guru's Corner
212 hits
| Mar 23, 2005 1:10 am |
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re: Jindal Vijaynagar merger details |
Pranav Sanghavi
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hi ashish,
Please find below requisite details:
Scrip: Jindal Vijaynagar Steel Ltd. (BSE Scrip Code: 500228)
As per the scheme of Arrangement: Reorganisation of the capital of the company - by issue of 4.375 shares of Rs. 10/- each of the company against 100 existing equity shares of Rs. 10/- each held and one share warrant for every 112 shares held with a right to apply and be allotted 1 equity share of Rs. 10/- each upon payment of Rs. 160/- per equity share (incl. of Rs. 150/- premium). The warrant holder will be entitled to apply for the equity share on or before 01/04/2006 as may be decided by the Board of Directors No dealing from 21/02/2005.
best regards,
Pranav
PS: there is no merger or swap ration in JVSL. The demerger is in JISCO.
> Ashish Saboo wrote:
>
>Hello Everyone ,
> Can anyone share some details on the Jindal vijaynagar merger details. Whats the swap ratio etc.
>
>Thanks in advance
>
>Ashish Private Reply to Pranav Sanghavi (new win) |
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