Record date is 25 August 2015
Dhunseri Investments announced that the scheme having come into effect, DIL, shall, in consideration of the amalgamation, issue and allot to the members of PVIL holding fully paid up Equity Shares in the PVIL and whose name appear in the Register of Members of PVIL on Record Date i.e. 25 August 2015, New Equity Shares in the ratio of 1(One) New Equity Share of Rs. 10/- each in the DIL credited as fully paid up for every 8 (Eight) Equity Shares of Rs. 10/- each fully paid up held by them in the capital of PVIL.Further the Company has informed that, no fractional shares shall be issued by DIL in respect of the fractional entitlements, if any, to which the members of PVIL may be entitled on issue and allotment of the New Equity Shares in DIL.
The Board of Directors of DIL or a committee thereof shall consolidate all such fractional entitlements, and issue and allot the New Equity Shares in lieu thereof to a Director and / or Officer(s) of DIL who shall sell the same in the market and pay to DIL the net sale proceeds thereof, whereupon DIL shall distribute such net sale proceeds to the members of PVIL in proportion to their fractional entitlements.
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