(01-Mar-2013 Hours IST)
Hero MotoCorp Ltd has informed BSE that Hon'ble High Court of Delhi at New Delhi in the hearing held on March 01, 2013, has orally observed that the Co. Petition No. 547 of 2013 relating to approval of the Scheme of Amalgamation of Hero Investments Private Limited with Hero MotoCorp Limited stands allowed. Hero MotoCorp Ltd has informed BSE regarding the order dated March 01, 2013 passed in Co. Pet. No.547 of 2012 by the Hon'ble High Court of Delhi at New Delhi relating to Scheme of Amalgamation of Hero Investments Private Limited with Hero MotorCorp Limited. (As per BSE Announcement Dated on 08.03.2013) Hero MotoCorp Ltd has informed BSE that in view of the Scheme of Amalgamation and the Order dated March 01, 2013 read with Order dated March 15, 2013 of the Hon'ble High Court of Delhi at New Delhi, May 30, 2013 has been fixed as the Record Date for ascertaining the names of the equity shareholders of Hero Investments Private Limited,(HIPL') ('the transferor Company') in proportion of their holdings in HIPL for considering their entitlement for the purpose of issuance and allotment of Equity Shares in Hero MotoCorp Ltd. ('HMCL') ('the transferee company') in the ratio of One (1) Equity Share for every One (1) existing Equity Share held in the transferee Company by HIPL. (As per BSE Announcement Dated on 24.05.2013) Hero MotoCorp Ltd has informed BSE that the Committee of Directors - Capital issues in its meeting held on September 11, 2013 has cancelled 8,65,31,210 equity shares of Rs. 2 each standing in the name of Hero Investments Private Limited pursuant to a Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956 for the amalgamation of Hero Investments Private Limited ('HIPL') into Hero MotoCorp Limited ('Target Company'), which was approved by the Hon'ble High Court of Delhi at New Delhi by its order dated March 01, 2013 and order dated March 15, 2013. Further it has allotted 8,65,31,210 equity shares of Rs. 2 each to the erstwhile shareholders of HIPL on holding shares of HIPL as on May 30, 2013 i.e. the Record Date fixed for the said purpose. The paid up equity share capital of the Company post allotment shall remain unchanged i.e. 19,96,87,500 equity shares of Rs. 2 each. (As per BSE Announcement Dated on 11.09.2013)
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