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NOTICES
Notice No.   20230529-43   Notice Date   29 May 2023
Category   Corporate Actions   Segment   Equity
Subject   Scheme of Arrangement (Demerger) of Edelweiss Financial Services Ltd. (Scrip Code 532922)
 
Content

Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (for Demerger) as approved by the Hon'ble National Company Law Tribunal (NCLT), Court III, Mumbai Bench,    Edelweiss Financial Services Ltd. has fixed the Record Date for the purpose of determining entitlement of the Shareholders of the Company, as per details given below: -

COMPANY NAME

CODE

RECORD DATE

PURPOSE

EX-ENTITLEMENT  FROM

DATE &

SETT. NO.

Edelweiss Financial Services Ltd.

(532922)

02/06/2023

 

 

As per Scheme of Arrangement sanctioned by the Hon'ble NCLT, Court III, Mumbai Bench, between, Edelweiss Financial Services Ltd. (Demerged Company) and Nuvama Wealth Management Limited (Resulting Company),and Their Respective Shareholders and Creditors: -

 

Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer of the Demerged Undertaking pertaining to Wealth Management Business of Edelweiss Financial Services Ltd. INTO Nuvama Wealth Management Limited ;

 

Nuvama Wealth Management Limited  shall issue and allot Equity Shares to the shareholders of Edelweiss Financial Services Ltd. in the following proportion:-

 

“1,05,28,746 (One Crore Five Lakhs Twenty Eight Thousand Seven Hundered and Forty Six)  Fully Paid-Up Equity Shares of Rs.10/- each of Nuvama Wealth Management Limited  shall be credited as fully paid up, to the Equity Shareholders of Edelweiss Financial Services Ltd., whose name is recorded in the register of members/records of the depository as members of Edelweiss Financial Services Ltd., as on Record Date, in each case, in proportion to the number of Equity Shares held by the shareholders in Edelweiss Financial Services Ltd. .”

02/06/2023

DR-542/2023-2024

 

 

Note:

 

Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated November 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. 2nd June, 2023,  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 2nd June, 2023.

 

 

Subject to compliance with requisite formalities, the shares of Resulting Company i.e., Nuvama Wealth Management Limited  will be listed on BSE Limited.

 

 

 

Marian Dsouza

Senior Manager –Listing Operations (CRD)

May 29, 2023