Tumus Electric Corporation fixes record date for rights issue

Record date is 19 December 2014

Tumus Electric Corporation announced that 19 December 2014, has been fixed as Record Date for the purpose of Right Issue.

Synopsis of the Right Issue is as under;

1. Rights size - Rs. 46.10 lakh

2. Ratio - 9 for every 10 shares held

3. Price at par, i.e. Rs. 10/- per share

4. Treatment of fractions - if the shareholding of any of the Equity Shareholders is less than 10 Equity Shares or not in the multiple of 10, the fractional entitlement of such Equity Shareholders shall be ignored in the computation of the Rights Entitlement. However, Equity Shareholders whose fractional entitlements are being ignored as above would be given preferential consideration for the allotment of one additional Equity Shares each if they apply for additional Equity Shares over and above their Rights Entitlement, if any. Those Equity Shareholders holding less than 10 Equity Shares and therefore entitled to 'Zero' Equity Shares under this Issue shall be dispatched a CAF with 'Zero' entitlement. Such Equity Shareholders are entitled to apply for additional Equity Shares and would be given preference in the allotment of one additional Equity Share if such Equity Shareholders have applied for the additional Equity Shares. However, they cannot renounce the same in favour of third parties CAFs with zero entitlement will be non-negotiable /non - renounceable.

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