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Mysore Cements has alloted 6,86,03,351 fully paid equity shares of Rs 10 each to the shareholders of erstwhile IRCL and HIPL, pursuant to the scheme of amalgamation of Indorama Cement (IRCL) and HeidelbergCement India (HIPL) into and with the company sanctioned by the Hon'ble High Courts of Bombay, Punjab & Haryana and Karnataka.
Further the company has informed that out of the aforesaid equity shares, 6,86,03,255 equity shares have been allotted to Cementrum 1 B.V. of Netherlands, the sole promoter of the company and the remaining 96 equity shares have been allotted to the individual shareholders of IRCL. The aforesaid equity shares were allotted to the shareholders of IRCL based on the list of beneficial owners received from the depositories and the shares were allotted to the shareholders of HIPL on the basis of Register of Members.
After the aforesaid allotment Cementrum 1 B V, is holding 15,53,40,196 equity shares in the company constituting 68.55% of the total equity share capital of the company. Consequent to the aforesaid allotment of shares, the paid up equity share capital stands increased from Rs 15,800.98 lakhs to Rs 22,661.31 lakhs.
These shares were allotted by the company on 27 March 2009.
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