Graphite India allots equity shares on Scheme of Arrangement

Graphite India Ltd has announced that equity shares of the Company would be allotted to Shareholders of GKW Ltd. who hold the shares as on July 01, 2009 (being the 'Record Date' fixed by GKW). One Equity share of Rs 2/- each of the Company would be allotted for every 3 Ordinary shares of Rs 10/- each of GKW Ltd. as per the Scheme of Arrangement for demerger of Powmex Steels Undertaking of GKW Ltd. to the Company.

Source : Equity Bulls

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