| Scheme of Arrangement (Demerger) of IIFL Holdings Limited (Scrip Code 532636) |
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 (NCLT), IIFL Holdings Limited 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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IIFL Holdings Limited (532636)
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31/05/2019
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As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench (NCLT), between, IIFL Holdings Limited, IIFL Media & Research Services Limited, IIFL Securities Limited, IIFL Wealth Management Limited, India Infoline Finance Limited, IIFL Distribution Services Limited And Their Respective Shareholders And Creditors: -
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the securities business undertaking into IIFL Securities Limited
IIFL Securities Limited shall issue and allot equity shares at par on a proportionate basis to the shareholders of IIFL Holdings Limited in the following proportion
“1 fully paid up equity share of Rs. 2/- each fully paid up of IIFL Securities Limited shall be issued and allotted for every 1 fully paid up equity share of Rs. 2/- each fully paid up held in IIFL Holding Limited.
And
Upon the coming into effect of the aforesaid Scheme and in consideration of the demerger of the wealth business undertaking into IIFL Wealth Management Limited
IIFL Wealth Management Limited shall issue and allot equity shares at par on a proportionate basis to the shareholders of IIFL Holdings Limited in the following proportion
“1 fully paid up equity share of Rs. 2/- each fully paid up of IIFL Wealth Management Limited shall be issued and allotted for every 7 fully paid up equity shares of Rs. 2/- each fully paid up held IIFL Holding Limited.
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30/05/2019
DR-042/2019-2020
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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. May 30,2019 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 30, 2019.
Subject to compliance with requisite formalities the shares of Resulting companies i.e. IIFL Securities Limited & IIFL Wealth Management Limited will be listed on BSE Limited.
Mangesh Tayde
Senior Manager –Listing Operations (CRD)
May 20, 2019 |