| Scheme of Arrangement (Demerger) of Tata Teleservices (Maharashtra) Ltd. (Scrip Code 532371) |
Trading Members of the Exchange are hereby informed that, pursuant to the Scheme of Arrangement (Demerger) approved by the Hon’ble National Company Law Tribunal, Mumbai Bench & Delhi Bench (NCLT), Tata Teleservices (Maharashtra) Ltd. (TIL) 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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Tata Teleservices (Maharashtra) Ltd.
(532371)
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12/07/2019
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As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench & Delhi Bench (NCLT), between, Tata Teleservices (Maharashtra) Ltd. (Transferor Company) and Bharti Airtel Limited (Transferee Company) and Their Respective Shareholders And Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the consumer wireless mobile business of Tata Teleservices (Maharashtra) Ltd. into Bharti Airtel Limited,
Bharti Airtel Limited shall issue and allot equity to the shareholders of Tata Teleservices (Maharashtra) Ltd. in the following proportion:
“1 fully paid up equity share of Rs.5/- each fully paid up of Bharti Airtel Limited shall be issued and allotted for every 2,014 fully paid up equity shares of Rs. 10/- each fully paid up held in Tata Teleservices (Maharashtra) Ltd.
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11/07/2019
DR-071/2019-2020
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Note:
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 July 11, 2019.
Mangesh Tayde
AGM –Listing Operations (CRD)
July 5, 2019 |