|
| Exchange Disseminated Time | Blue Star Infotech Ltd has informed BSE that the Company have been informed by Blue Star Limited that the Board of Directors of Blue Star Limited have approved at their meeting held on March 11, 2016 the provision of dividend at Rs. 6.50 per share for 53,91,383 equity shares proposed to be issued to the shareholders of Blue Star Infotech Limited post completion of Amalgamation as per swap ratio pursuant to the Composite Scheme of Amalgamation between Blue Star Infotech Limited and Blue Star Infotech Business Intelligence and Analytics Private Limited with Blue Star Limited.
The Composite Scheme of Amalgamation proposes the issue of 7 fully paid-up equity shares of Rs. 2/- each in Blue Star Limited for every 10 fully paid-up equity shares of Rs. 10/- each in Blue Star Infotech Limited upon the scheme being approved by the Honourable Bombay High Court.
Further the Company has informed that, the dividend would be paid to the Blue Star Infotech Limited shareholders, post conversion of their shareholding to Blue Star Limited shares on a record date which will be fixed after the effective date of Amalgamation post receipt of the sanction of the Honourable Bombay High Court. |
|
|