Amalgamation of Pioneer Distilleries Ltd. (Scrip Code: 531879).
January 04, 2023 at 05:38 pm IST
Share
NOTICES
Notice No.
20230104-13
Notice Date
04 Jan 2023
Category
Corporate Actions
Segment
Equity
Subject
Amalgamation of Pioneer Distilleries Ltd. (Scrip Code: 531879).
Content
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation between PIONEER DISTILLERIES LTD.("Transferor Company")andUNITED SPIRITS LIMITED("Transferee Company"),as approved by the Hon'ble National Company Law Tribunal, Bengaluru Bench. The Transferor/Transferee Companyhave fixed Record Date to determine the entitlement of shareholders of PIONEER DISTILLERIES LTD. to the Equity Shares of UNITED SPIRITS LIMITED.
<_o3a_p>
Trading Members are advised not to deal in the Equity Shares of PIONEER DISTILLERIES LTD. with effect from the under mentioned date:-<_o3a_p>
COMPANY NAME <_o3a_p>
CODE<_o3a_p>
RECORD DATE<_o3a_p>
PURPOSE<_o3a_p>
NO DEALINGS<_o3a_p>
FROM<_o3a_p>
W.E.F.<_o3a_p>
PIONEER DISTILLERIES LTD.<_o3a_p>
(531879)<_o3a_p>
06/01/2023<_o3a_p>
As per the Scheme of Amalgamation approved vide order passed by the Hon'ble NCLT, Bengaluru Bench : -
<_o3a_p>
Upon the Scheme becoming effective and in consideration of the Amalgamation of PIONEER DISTILLERIES LTD. INTO UNITED SPIRITS LIMITED;
<_o3a_p>
UNITED SPIRITS LIMITED shall issue and allot Equity Shares to the shareholders of PIONEER DISTILLERIES LTD. in the following Share Exchange ratio:-
<_o3a_p>
"10 (Ten) Equity Shares of UNITED SPIRITS LIMITED having a Face Value of Rs.2/- each to be issued as fully paid-up, for every 47 (Forty Seven) fully paid up Equity Shares ofRs.10/- each held by the Shareholders of PIONEER DISTILLERIES LTD. ("Share Exchange Ratio")."<_o3a_p>
06/01/2023<_o3a_p>
DR-693/2022-2023<_o3a_p>
Trading Members of the Exchange are requested to take note of it.
BSE Ltd. published this content on 04 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2023 12:07:03 UTC.
BSE Limited is an India-based stock exchange company. The Company provides a platform for trading in equity, debt instruments, derivatives, and mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). The Company operates through Stock Exchange Operations segment that facilitates trading in securities and other related ancillary services. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. The Companyâs systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments. The Company's subsidiaries include Indian Clearing Corporation Limited, BSE Investments Limited, BSE E-Agricultural Markets Limited, BSE EBIX Insurance Broking Private Limited, BSE Administration and Supervision Limited, among others.
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