(22-Dec-2008 Hours IST)
Jaypee Hotels Ltd has informed BSE that, accepting the recommendation of its Committee of Directors, subject to the requisite approvals and sanction of the Scheme by Hon'ble High Court, the Board of Directors of the Company at its meeting held on December 22, 2008, inter alia, have approved the amalgamation of the Company (Transferor company) with Jaiprakash Associates Ltd (the Transferee Company) with effect from April 01, 2008 being the Appointed Date. In terms of proposed Scheme of Amalgamation, the shareholders of the Transferor Company as on the record date to be fixed by the Board of Directors of the Transferee Company, shall be allotted one Equity Shares of Rs 2/- credited as fully paid in the Transferee Company (Jaiprakash Associates Ltd) for every ONE Equity Shares of Rs 10/- fully paid up held in the Company (the Transferor Company). Jaiprakash Associates Ltd has informed BSE that, accepting the recommendation of its Committee of Directors, subject to the requisite approvals and sanction of the Scheme by Hon'ble High Court, the Board of Directors of the Company at its meting held on December 22, 2008, inter-alia, have approved the amalgamation of Jaypee Cement Ltd (JCL), Gujarat Anjan Cement Ltd (GACL), Jaypee Hotels Ltd (JHL) and Jaiprakash Enterprises Ltd (JEL), (the 'Transferor Companies') with Jaiprakash Associates Ltd (the 'Transferee Company'), with effect from April 01, 2008; being the Appointed Date. In terms of the proposed Scheme of Amalgamation, the shareholders of the Transferor Companies, as on the Record Date to be fixed by the Board of Directors of the Transferee Company, shall be allotted shares in the Transferee company in the following Exchange Ratio: - One Equity Share of Rs 2/-, Credited as fully paid in the Company, the Transferee Company, for every 1 (One) Equity Shares of Rs 10/- each fully paid up held in JHL, the Transferor Company. Further the Company has informed that Jaypee Cement Ltd (JCL), Gujarat Anjan Cement Ltd (GACL) & Jaypee Hotels Ltd (JHL) are the subsidiary companies of the Company. Jaiprakash Associates Ltd has informed BSE that the Shareholders and Creditors of the Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd, and Gujarat Anjan Cement Ltd, have in their respective meetings convened on 27th, 28th and 29th March, 2009, in terms of the Order dated February 09, 2009 passed by the Hon'ble High Court of Judicature at Allahabad, have approved the Scheme of Amalgamation of Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd and Gujarat Anjan Cement Ltd with Jaiprakash Associates Ltd. The Chairman of the meetings, as appointed by the Hon'ble High Court of Judicature at Allahabad, shall be filing their reports directly with the Hon'ble High Court. (As Per BSE Announcement Website dated on 31.03.2009) Jaiprakash Associates Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad on May 15, 2009 has sanctioned the Scheme of Amalgamation of Jaypee Hotels Ltd., Jaypee Cement Ltd., Jaiprakash Enterprises Ltd and Gujarat Anjan Cement Ltd with the Company. (As Per BSE Announcement Website dated on 15.05.2009) Jaypee Hotels Ltd has informed BSE that the Hon'ble High Court of Judicature at Allahabad on May 15, 2009 has sanctioned the Scheme of Amalgamation of Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Associates Ltd and Gujarat Anjan Cement Ltd with Jaiprakash Associates Ltd. The formal Order of the High Court will follow in due course. (As Per BSE Announcement Website dated on 20.05.2009) Jaiprakash Associates Ltd has informed BSE that pursuant to the Scheme of Amalgamation sanctioned by the Hon'ble High Court of Judicature at Allahabad, June 12, 2009 has been fixed as the Record Date for the purpose of issue and allotment of Equity Shares to the Shareholders of the Jaypee Hotels Ltd (JHL) (Transferor Company No 1), Jaypee Cement Ltd (JCL) (Transferor Company No 2), Jaiprakash Enterprises Ltd (JEL) ((Transferor Company No 3) & Gujarat Anjan Cement Ltd (GACL) ((Transferor Company No 4) with Jaiprakash Associates Ltd (Transferee Company). (As Per BSE Announcement Website dated on 27.05.2009) SUB. :- Scheme of Amalgamation of Jaypee Hotels Ltd. (Scrip Code 590027) Trading Members of the Exchange are hereby informed that, Jaiprakash Associates Ltd. has fixed the Record Date for Jaypee Hotels Ltd. to determine entitlement of shareholders of Jaypee Hotels Ltd pursuant to the Scheme of Amalgamation of Jaypee Hotels Ltd with Jaiprakash Associates Ltd. Trading Members are advised not to deal in the equity shares of Jaypee Hotels Ltd with effect from the under mentioned date. COMPANY NAME CODE Jaypee Hotels Ltd. 590027 RECORD DATE 12/06/2009 PURPOSE The Scheme of Amalgamation: - Amalgamation of Jaypee Hotels Ltd with Jaiprakash Associates Ltd. Jaiprakash Associates Ltd. will issue and allot to the shareholders of Jaypee Hotels Ltd in the ratio of ONE equity share of Rs.2/- each fully paid up of Jaiprakash Associates Ltd. for every ONE Equity Shares of Rs.10/- each fully paid up held in Jaypee Hotels Ltd NO DEALINGS FROM 05/06/2009 DR-044/2009-2010 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 29.05.2009) Trading members of the Exchange are hereby informed that the under mentioned new securities of Jaiprakash Associates Limited (Scrip Code: 532532, ISIN No: INE455F01025) are listed and permitted for trading on the Exchange with effect from Wednesday, June 17, 2009. Securities 21,80,10,985* Equity Shares of Rs.2/- each issued to the shareholders of erstwhile Jaypee Hotels Limited (JHL), Jaypee Cement Ltd (JCL), Jaiprakash Enterprises Ltd (JEL) and Gujarat Anjan Cement Limited (GACL) pursuant to the Scheme of Amalgamation of the Company. Dist. Nos. 1183800580 to 1401811564 *These shares are ranking pari-passu with the existing equity shares of the company. 2. Trading members may please note that 2,06,05,246 equity shares are under lock-in as per the details given below Number of Distinctive No. Date upto which under Securities Lock-in 12651267 1239290580 to 1251941846 15.06.2012 7953979 1369995650 to 1377949628 16.06.2012 20605246 3. The brief particulars of the Scheme of Amalgamation are as mentioned below: a) The Scheme of Amalgamation of the company was approved by the Hon'ble High Court of Allahabad vide its Order dated May 15, 2009. b) Appointed Date: April 1, 2008 c) Effective Date: May 27, 2009 d) Date of Allotment: June 14, 2009 e) Exchange Ratio: For every 1 equity share of Rs.10/- each held in JHL, 1 equity share of Rs.2/- each of the company have been issued. For every 10 equity shares of Rs.10/- each held in JCL, 1 equity share of Rs.2/- each of the company have been issued. For every 1 equity share of Rs.10/- each held in JEL, 3 equity shares of Rs.2/- each of the company have been issued. For every 11 equity shares of Rs.10/- each held in GACL, 1 equity share of Rs.2/- each of the company have been issued. (As Per BSE Notice Dated on 16.06.2009)
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