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| Exchange Disseminated Time | TTK Healthcare Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2013,
has considered and approved the Scheme of Amalgamation (the Scheme) for amalgamating-
(i) TTK Protective Devices Limited (TTKPD) [formerly known as TTK-LlG Limited], an Unlisted Public Company; and
(ii) TSL Techno Services Limited (TSL), a wholly owned subsidiary of TTK Protective Devices Limited (TTKPD)
with TTK Healthcare Limited (the Company).
The Appointed Date for the Scheme would be April 01, 2012.
On amalgamation of the Companies, the Shareholders of TTK Protective Devices Limited will be entitled to 9 (Nine) Equity Shares of Rs. 10/- each fully paid-up of the Company (TTK Healthcare Limited), for every 2 (Two) Equity Shares of Rs. 10/- each fully paid-up held by them in TTKPD.
Further, no allotment shall be made to the shareholders of TSL Techno Services Limited, it being the wholly owned subsidiary of TTKPD, the value of TSL having already been considered as part of the Valuation of TTKPD.
The Scheme will take effect after necessary approvals from Regulatory Authorities, Shareholders of the respective Companies and the Hon’ble High Court of Judicature at Madras. |
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