Subsequent to the approval of the shareholders of Man Industries (India) Ltd to the Scheme of Arrangement between Man Industries (India) Limited and Man Infraproject Limited and their respective Shareholder in the Court Convened Meeting held on July 12, 2014, the Hon'ble High Court of Bombay has admitted the aforementioned petitions and that the final hearing in the matter shall be on October 31, 2014.
Upon successful implementation of the scheme, for every 1 (One) fully paid-up equity share of Rs. 5/- each held by the equity shareholders in Man Industries (India) Limited, 1 (One) fully paid-up equity share of Rs. 5/- each of Man Infraprojects Limited will be allotted free of cost.
Shares of MAN INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.57.85 as compared to the previous close of Rs. 58.1. The total number of shares traded during the day was 106722 in over 2616 trades.
The stock hit an intraday high of Rs. 61.3 and intraday low of 57.1. The net turnover during the day was Rs. 6261334.