Elgi Rubber - Fixes Record Date for Scheme of Arrangement
Elgi Rubber Company Ltd has informed BSE that the Hon''ble High Court of Judicature at Madras has passed order dated December 16, 2010, approving the Scheme of Amalgamation & Arrangement between Elgi Rubber Company Limited and Treadsdirect Limited and Elgi Rubber International Limited and Titan Tyrecare Products Limited and Treadsdirect (India) Limited. The said order was received by the Company on December 29, 2010. The Company has fixed January 12, 2011 as the Record Date to determine equity shareholders of the Company entitled to receive 1 (one) equity shares of Elgi Rubber International Limited for every 5 (five) equity shares held in the Company.
Further, the Company has submitted to BSE a copy of ''Notes on the Scheme''.