SE Investments updates on merger of Unnati Financial Services

SE Investments Ltd has announced with reference to approval of Scheme of Amalgamation of Unnati Financial Services with the Company, by the Hon'ble High Court of Delhi the Authorised Share Capital of the Company has increased from Rs. 6,00,00,000/- to Rs. 8,50,00,000/-. Further on November 04, 2009, the Company has allotted in aggregate 2100000 Equity Shares of Rs. 10 each fully paid up to the shareholders of Unnati Financial Services Pvt. Ltd. pursuant to the aforesaid Scheme of Amalgamation. Consequent to the aforesaid allotment, paid-up equity share capital of the Company stands increased from Rs. 5,64,00,000/- to Rs. 7,74,00,000/- comprising of 52,40,000 equity shares of Rs. 10 each and 2500000 10% Non Cumulative Redeemable Preferences Shares of Rs. 10/- each.

The above 2100000 equity shares of Rs. 10 each issued pursuant to the scheme of Amalgamation, rank pari passu in all respect with the existing equity shares of the Company.

The stock closed the day at Rs.207, down by Rs.0.70 or 0.34%. The stock hit an intraday high of Rs.211 and low of Rs.206.

The total traded quantity was 2085 compared to 2 week average of 2273.

Source : Equity Bulls

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