IndusInd Bank Limited has informed the Exchange that the Company have received a letter dated
July 20, 2004 from ABN-AMRO Bank informing that their FII client AMAM Ltd. in Sub-Account Name Invest-India (Mauritius) Limited' holds 1,67,44,328 equity shares in the Bank. They further mentioned that present holding of
1,67,44,328 equity shares includes 1,42,42,668 equity shares bought from the market and 25,01,660 equity shares to be received due to the Amalgamation of Ashok Leyland Finance Ltd. (ALFL) with the Bank in the ratio of 9 equity shares of the Bank for every 4 equity shares held. The 1,67,44,328 shares (including 25,01,660 equity shares to be received on
allotment due to merger) will constitute 5.76% of the post merger share capital of the Bank, i.e., of 29,07,01,836 equity shares of Rs.10/- each. Invest-India (Mauritius) Limited, vide its letter dated July 20, 2004, informed the Bank that they do not have intention to hold equity shares of the Bank in excess of 5% of the Bank's total equity which has taken place due to merger of ALFL with the Bank (Record Date being July 16, 2004). They propose to dilute the shareholding in excess of 5% within 60 days time.
Members of the Exchange are hereby informed that the under mentioned new securities of IndusInd Bank Limited (Scrip Code: 532187; ISIN No. INE095A01012), are listed and permitted for trading on the Exchange with effect from Friday, the 24th September, 2004.
Securities
7,04,74,853 *Equity Shares of Rs.10/- each (fully paid-up) issued to shareholders of erstwhile Ashok Leyland Finance Limited pursuant to the Scheme of Amalgamation of the company.
Dist. Nos. 22,02,26,984 to 29,07,01,836.
* These shares are ranking pari-passu with the old equity shares of the company.
2. The brief particulars of the Scheme of Amalgamation are as mentioned below:
The Scheme of Amalgamation was sanctioned by Hon'ble High Courts of Bombay and Madras vide their order dated 6th May, 2004 and 29th April, 2004 respectively.
The appointed date: 1st April, 2003 Date of Allotment: 28th July, 2004 Exchange Ratio - For every 4 Equity Shares of Rs.10/- each held in erstwhile Ashok Leyland Finance Limited, 9 Equity Share of Rs.10/- each of the company have been issued.
3. As per Exchange's Notice No. 20040630-7 dated 30th June, 2004, the Transferor Company viz. Ashok Leyland Finance Limited, had fixed 16th July, 2004 as "Record Date" for giving effect to the Scheme of Amalgamation and accordingly, trading in the shares of the Transferor Company was stopped with effect from 8th July, 2004.
4. The company's financial year ends on 31st March.
(As per BSE Notice dated on 23/09/2004) | Powered by Capital Market - Live News |
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