S R K Industries to allot 3.88cr equity shares to Transcend Commerce

S R K Industries at its meeting held on March 22, 2013, has considered and approved allotment of 3,88,50,000 equity shares of Rs 10 each at par to the shareholders of Transcend Commerce in the ratio of 222 shares of SRK Industries for every 100 shares held in Transcend Commerce.

S R K Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 22, 2013, has considered and approved allotment of 3,88,50,000 equity shares of Rs. 10/- each at par to the shareholders of Transcend Commerce Limited (Transferor Company) whose name was appearing as on the Record Date pursuant to the Scheme of Arrangement as approved by Chennai and Bombay High Court in the ratio of 222 shares of SRK Industries Limited for every 100 shares held in Transcend Commerce Limited.Source : BSE

Read all announcements in S R K Ind

first published: Mar 28, 2013 12:23 pm

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S R K Industries to allot 3.88cr equity shares to Transcend Commerce

S R K Industries at its meeting held on March 22, 2013, has considered and approved allotment of 3,88,50,000 equity shares of Rs 10 each at par to the shareholders of Transcend Commerce in the ratio of 222 shares of SRK Industries for every 100 shares held in Transcend Commerce.

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