Record date is 17 December 2014
Tech Mahindra announced that the Board of Directors of the Company has fixed 17 December 2014 as the Record Date for determining the shareholders of Mahindra Engineering Services ('MESL') who would be entitled to receive shares of the Company under the approved Scheme of Amalgamation and Arrangement between MESL and Tech Mahindra.In accordance with the Scheme, the Company will issue and allot 5 (Five) equity Shares of Rs. 10 each fully paid up of Tech Mahindra for every 12 (Twelve) equity shares of Rs. 10 each fully paid up of Mahindra Engineering Services (MESL) to the shareholders of MESL whose names appear in the Register of Members of MESL as on the Record Date.
The Equity Shares proposed to be issued by the Company in accordance with the Scheme will be submitted for listing with the Bombay Stock Exchange and National Stock Exchange of India and they shall rank pari-passu in all respects with the existing equity shares of the Company.
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