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Dec 12, 2012, 01.06 PM IST | Source: Moneycontrol.com

Westlife Development allots 22.86 lakh new equity shares in 1: 1 ratio

Westlife Development at its meeting held on December 12, 2012 has allotted 22,86,010 new equity shares of Rs 10 each as bonus shares to eligible members of the Company (other than the promoter group) in the ratio of 1: 1

Westlife Development Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 12, 2012, took the following decisions:1. Allotted 22,86,010 new Equity Shares of Rs. 10 each as bonus shares to eligible members of the Company (other than the promoter group) in the ratio of 1: 1.2. Approved revised Scheme of Arrangement among the Company and its 3 subsidiaries.Source : BSE

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