Abbott India - Allotment of shares pursuant to Scheme of Amalgamation of Solvay Pharma India Ltd with the Company
Abbott India Ltd has informed BSE that the Committee of Directors appointed for purpose of allotment of shares has at its meeting held September 07, 2011 allotted 75,74,062 equity shares of Rs. 10 each of the Company to the shareholders of Solvay Pharma India Ltd in the ratio of 2:3, in terms of the Scheme of Amalgamation of olvay Pharma India Ltd with the Company.
No fractional coupons have been issued / allotted by the Company in respect of any fractional share entitlements. Shareholders of erstwhile Solvay Pharma Ind Ltd holding less than 2 shares or having entitlement in fractions will be paid off in cash based on the Opening Price on the date of allotment i.e. opening price as on September 07, 2011.