| Amalgamation of Max India Limited (Scrip Code: 539981) |
SUB: Amalgamation of Max India Limited (Scrip Code: 539981).
Trading members of the Exchange are hereby informed that, pursuant to the Composite Scheme of Amalgamation and Arrangement as sanctioned by the National Company Law Tribunal, Mumbai Bench, between : Max India Limited (“Transferor Company 1”, “Amalgamating Company”), Max Healthcare Institute Ltd (“Transferee Company 2”, “Amalgamated Company”), Radiant Life Care Private Ltd (“Transferor Company 2”) and Advaita Allied Health Services Limited (“Transferee Company 1”), Max India Limited, inter alia, has fixed the Record Date to determine the entitlement of shareholders of Max India Limited to equity shares of Advaita Allied Health Services Limited and Max Healthcare Institute Ltd as per details given below:
|
COMPANY NAME
CODE
|
RECORD DATE
|
PURPOSE
|
NO DEALINGS
FROM
W.E.F.
|
|
Max India Limited
(539981)
|
15/06/2020
|
Pursuant to the Composite Scheme of Amalgamation and Arrangement as sanctioned by the National Company Law Tribunal, Mumbai Bench, between :
Max India Limited (“Transferor Company 1”, “Amalgamating Company”), Max Healthcare Institute Ltd (“Transferee Company 2”, “Amalgamated Company”), Radiant Life Care Private Ltd (“Transferor Company 2”) and Advaita Allied Health Services Limited (“Transferee Company 1”), and their respective shareholders and Creditors (Scheme) ,
Upon the Scheme becoming effective and
[A] In consideration of the Demerger of Demerged Undertaking 1 (i.e. Whole of the Allied Health and Associated Activities) of Max India Limited with Advaita Allied Health Services Limited;
Advaita Allied Health Services Limited shall issue and allot Equity Shares to the shareholders of Max India Limited in the following share exchange ratio:
“1(ONE) equity share of Advaita Allied Health Services Limited having a face value of INR 10 each to be issued as fully paid-up, for every 5 (FIVE) equity shares held by shareholder of Max India Limited having a face value INR 2 each (“Share Exchange Ratio”).”
[B] In consideration of the Amalgamation of remaining business of Max India Limited into Max Healthcare Institute Limited,
Max Healthcare Institute Limited shall issue and allot Equity Shares to the shareholders of Max India Limited in the following share exchange ratio:
“99 (NINETY NINE) equity share of Max Healthcare Institute Limited having a face value of INR 10 each to be issued as fully paid-up, for every 100 (ONE HUNDRED) equity shares held by shareholder of Max India Limited having a face value INR 2 each (“Share Exchange Ratio”).
|
12/06/2020
DR-049/2020-2021
|
Trading Members are advised not to deal in the equity shares of Max India Limited with effect from the abovementioned date
Note: After allotment of equity shares, Advaita Allied Health Services Limited and Max Healthcare Institute Limited would also complete necessary formalities and undertake steps to have said equity shares listed on Stock Exchanges where existing shares of the Company are Listed.
Mangesh Tayde
Assistant General Manager –Listing Operations (CRD)
June 04,2020 |