Core Healthcare fixes Record Date for scheme of arrangement with Nirma Ltd

Core Healthcare Ltd has announced that April 26, 2007 has been fixed as the Record Date for the purpose of Composite Scheme of arrangement the nature of compromise with Class "A" and Class "B" tenders of de merged undertaking as defined in the scheme of arrangement in the nature of reconstruction of Core Healthcare Ltd, the demerged Company with its shareholders, reorganization of Capital of Nirma Ltd.

As per the scheme the shareholders of Core Healthcare Ltd would be entitled to receive 1 fully paid equity shares of Rupees 5 each of Nirma Ltd against every 80 equity shares held by them in Core.

The stock was trading at Rs.6.81, down by Re.0.15 or 2.16%. The stock hit an intraday high of Rs.7.30 and low of Rs.6.67. The total traded quantity was 16041 compared to 2 week average of 33658.

Source : Equity Bulls

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