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Corporate News
24-Sep-15
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FDC allots equity shares under scheme of amalgamation
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At board meeting held on 24 September 2015
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FDC announced that pursuant to the approval of the Hon'ble High Court of Judicature at Bombay on 04 September 2015, approving the Scheme of Amalgamation, the Board of Directors of the Company at its meeting held on 24 September 2015 has allotted 55,385,000 equity shares of face value of Re. 1 each to the shareholders of the Transferor Companies i.e. Soven Trading and Investment Company, Sudipta Trading and Investment Company, Transgene Trading and Investment Company, as per the record date of these companies taken as 22 September 2015.
Further, pursuant to the High Court Order the Board has cancelled 55,385,000 equity shares of face value Re. 1 each held by Soven Trading and Investments, Sudipta Trading and Investments and Transgene Trading and Investment Company .
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