Simbhaoli Sugars Ltd approves allotment of 37479020 shares

The Business Reorganization Committee of Board of Directors of Simbhaoli Sugars Ltd in their meeting held on November 27, 2015 has, approved the issue and allotment of 3,74,79,020 Equity Shares in terms of Para 6.1 of the Scheme of Amalgamation as sanctioned by the Hon'ble High Court of Judicature at Allahabad, to the holders of Equity Shares and Redeemable Preference Shares of the Amalgamating Company, whose names appeared in the Register of Members or in the respective beneficiary account with their respective Depository Participants as on the 'Record Date' fixed for the said purpose i.e. November 26, 2015.

Source : Equity Bulls

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