(18-Dec-2012 Hours IST)
Welspun India Limited has informed the Exchange that the Composite Scheme of Arrangement between the Company,Welspun Global Brands Limited and Welspun Retail Limited has been approved by the Honorable High Court of Gujarat at Ahmedabad on November 26,2012.The Scheme has become effective from December 7,2012 and accordingly,Welspun Global Brands Limited stands merged into Welspun India Limited.As per the Scheme,the Company will be issuing its equity shares in the ratio of one equity share of the Company for ach equity share held in Welspun Global Brands Limited.In order to determine the equity shareholders who are entitled to receive equity share(s) ofthe Company,the Company has fixed December 27,2012 as the Record Date. Welspun India Limited has informed BSE that the Composite Scheme of Arrangement between the Company, Welspun Global Brands Limited and Welspun Retail Limited has been approved by the Honorable High Court of Gujarat at Ahmedabad on November 26, 2012. The Scheme has become effective from December 07, 2012 and accordingly, Welspun Global Brands Limited stands merged into Welspun India Limited. As per the Scheme, the Company will be issuing its equity shares in the ratio of one equity share of the Company for each equity share held in Welspun Global Brands Limited. In order to determine the equity shareholders who are entitled to receive equity share(s) of the Company, the Company has fixed December 27, 2012 as the Record Date. (As per BSE Announcement Dated on 19.12.2012) SUB. : - Scheme of Amalgamation of Welspun Global Brands Ltd. (Scrip Code 533495) Trading members of the Exchange are hereby informed that, Welspun Global Brands Ltd. has fixed a Record Date to determine the entitlement of shareholders of Welspun Global Brands Ltd.,(WGBL) pursuant to the Composite Scheme of Arrangement - Amalgamation of Welspun Global Brands Ltd. with Welspun India Ltd. (WIL) approved by Hon'ble High Court of Gujarat at Ahmedabad. Trading Members are advised not to deal in the equity shares of Welspun Global Brands Ltd. with effect from the under mentioned date. COMPANY NAME CODE Welspun Global Brands Ltd. (533495) RECORD DATE 27.12.2012 PURPOSE Scheme of Amalgamation: - Upon the Scheme coming into effect and upon vesting of WGBL Undertaking in WIL.; WIL shall issue and allot to the shareholders of WGBL, in the ratio of 1 (ONE) equity share of WIL of Rs. 10/- (RUPEES TEN) credited as fully paid for every 1 (ONE) equity share of Rs. 10/- (RUPEES TEN) each fully paid-up held by such shareholder in WGBL. NO DEALINGS FROM 26/12/2012 DR-187/2012-2013 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated 24.12.2012)
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