Hindusthan National - Updates on Scheme of Amalgamation
Thursday, May 8th, 2008Hindusthan National Glass & Industries Ltd has informed BSE that the Scheme of Amalgamation of Ace Glass Containers Ltd with Hindusthan National Glass & Industries Ltd has been filed with the Registrar of Companies.
As contemplated in the Scheme, the Company is fixing the record date of Ace Glass Containers Ltd as May 09, 2008 to decide the name of the eligible persons who would be entitled to shares of Hindusthan National Glass & Industries Ltd., as per the Scheme. The relevant portion of the Scheme exchange ratio is reproduced herein below:
“1 (one) Equity Share of the Transferee Company having a face value of Rs 10/- (Rupees Ten only) each, credited as fully paid up to the members of Transferor Company for every 35 (thirty five) fully paid up equity shares of the face value of Rs 10/- (Rupees Ten only) each held by the members of the Transferor Company.”