| Scheme of Arrangement (Demerger) of Future Retail Ltd. |
SUB. :- Scheme of Arrangement (Demerger) of Future Retail Ltd.
Trading Members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Arrangement (Demerger) approved by the Hon’ble High Court of Bombay, Future Retail Ltd, has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below:
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COMPANY NAME
CODE
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RECORD DATE
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PURPOSE
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EX-ENTITLEMENT FROM
DATE &
SETT. NO.
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Future Retail Ltd.
(523574;570002 ; 623574)
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12/05/2016
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As per Composite Scheme of Arrangement sanctioned by the Hon’ble High Court of Bombay, between, (1) Future Retail Ltd and (2) Bharti Retail Ltd: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the Retail Business Undertaking into Bharti Retail Limited:
Bharti Retail Ltd shall issue and allot equity shares at par on proportionate basis to the shareholders of Future Retail Ltd, in the following proportion:
“01 (ONE) fully paid equity share of Rs. 2/- of Bharti Retail shall be issued and allotted for every 01 (ONE) equity share of Rs.2/- each held in Future Retail Ltd”
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11/05/2016
DR-028/2016- 2017
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Note:
Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from ‘A’ group to ‘T’ group w.e.f. May 11, 2016 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on May 11, 2016.
Subject to the compliance with requisite formalities as applicable, the Resulting Company i.e. Bharti Retail Ltd will be listed on BSE Limited.
Mangesh Tayde
Manager –Listing Operations (CRD)
Contact No. 2272 8846
May 04, 2016
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