Hacked by islam_Bey imhatimi.org

Centurion Bank of Punjab Ltd had informed BSE regarding the approval of the Reserve Bank of India for the Scheme of Amalgamation of Centurion Bank of Punjab Ltd with HDFC Bank Ltd with effect from May 23, 2008.

The Bank has further informed to BSE that, “June 16, 2008 has been fixed as Record Date for the purpose of determining the eligible shareholders of Centurion Bank of Punjab Ltd to whom equity shares of HDFC Bank Ltd will be allotted as per the Scheme.

In terms of the Scheme, HDFC Bank Ltd will allot the equity shares of face value of Rs 10/- each to the eligible shareholders of Centurion Bank of Punjab Ltd in the ratio of 1 (one) equity share of Rs 10/- each of HDFC Bank Ltd for every 29 (twenty nine) equity shares of Re 1/- each held by them in Centurion Bank of Punjab Ltd on the Record Date”.

Centurion Bank of Punjab Ltd has informed BSE that the Bank will be publishing the Audited Results for the Financial Year 2007-2008 within 3 months from the end of the financial year i.e. before June 30, 2008. The unaudited results for the last quarter ended March 31, 2008 are therefore not being published separately.

Centurion Bank of Punjab Ltd has informed BSE that the Securities Transfer, Allotment and Grievance Redressal Committee of the Board at its meeting held on April 02, 2008, has allotted 7,86,00,000 equity shares of face value of Re 1/- each on conversion of warrants.

The said warrants were issued in terms of the Scheme of Arrangement amongst Bank Muscat S.A.O.G., Centurion Bank of Punjab Ltd (formerly known as Centurion Bank Ltd) and the shareholders of Centurion Bank of Punjab Ltd pursuant to Sections 391 to 394 of the Companies Act, 1956, which was duly approved by the Shareholders, the High Courts of Mumbai (Goa Bench) and Karnataka as well as by the Reserve Bank of India in January 2004.