Arvind fixed record date for scheme of arrangment and demerger

Image
Capital Market
Last Updated : May 20 2015 | 12:01 AM IST

Don't want to miss the best from Business Standard?

Record date is 29 May 2015

Arvind announced that in pursuance of the Composite Scheme of Arrangement in the nature of demerger and transfer of Real Estate Undertaking of Arvind to Arvind Infrastructure, as approved by the Hon'ble High Court of Gujarat, the Transferee Company i.e. Arvind Infrastructure is required to issue and allot 1 (One) equity share of Rs. 10 each credited as fully paid up for every 10 (Ten) equity shares of Rs. 10 each held by the shareholders of Arvind on Record Date to be fixed by Arvind.

In pursuance of the same, the Board of Directors of Arvind has fixed 29 May 2015 as the Record Date for determining the entitlement of shareholders of Arvind, the transferor company, to receive the equity shares of Arvind Infrastructure as stated above.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 19 2015 | 5:53 PM IST

Next Story