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Huhtamaki PPL has allotted 28,10,000 Equity Shares of Face Value of Rs. 2/- each (fully paid) to the shareholders of erstwhile Webtech Labels in the ratio of 281 equity shares of Rs. 2/- each of the Company, for every 1 equity share of Face Value of Rs. 10/- each held by them in Webtech Labels, in pursuance of the Scheme of Arrangement/Amalgamation of Webtech Labels with the Company.
Consequent to the above allotment, the paid up equity share capital of the Company has increased from Rs. 14,54,23,868/- consisting of 7,27,11,934 equity shares of face value Rs. 2/- each to Rs. 15,10,43,868/-, consisting of 7,55,21,934 equity shares of face value Rs. 2/- each
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