Willard India to allot shares on demerger

Willard India Ltd has announced that the Board of Directors of Willard India Ltd, Agauta Sugar & Chemicals Ltd and Chaitavalsah Jute Mills Ltd. met on January 27, 2010 has approved the allotment of 2,23,50,000 Equity Shares of Rs. 5/- each to the Shareholder of Willard India Ltd and 89,40,000 equity shares of Rs. 10/- each of Agauta Sugar & Chemicals Ltd to the shareholders whose name appear in the Registrar of Members of Willard India Ltd as on Record Date i.e. November 07, 2009 and 59,60,000 Equity Shares of Rs. 10/- of Agauta Sugar & Chemicals is allotted to Willard India Ltd as a consideration of Scheme of Demerger approved by the Hon'ble Allahabad High Court and 22,35,000 equity shares of Rs. 10/- each of Chitavalsah Jute Mills Ltd to the shareholders whose name appear in the Registrar of Members of Willard India Ltd as on Record Date i.e. November 07, 2009 and 14,90,000 Equity Shares of Rs. 10/- each of Chitavalsah Jute Mills Ltd. is allotted to Willard India Ltd as a consideration of the Scheme of Arrangement / Demerger.

Source : Equity Bulls

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