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Corporate Announcement
Security Code
536666
Company
Star Ferro and Cement Ltd
Exchange Received Time
08/04/2017 13:27:04
Exchange Disseminated Time
08/04/2017 13:27:05
Time Taken
00:00:01
Outcome of Board Meeting |
04/08/17 13:27
With reference to the Scheme of Amalgamation of Star Ferro and Cement Limited (Transferor Company) with Star Cement Limited (Transferee Company) as sanctioned by the Guwahati Bench of the Hon'ble National Company Law Tribunal (NCLT) on 7th February, 2017, we would like to inform you that the Board of Directors of Star Cement Limited (Transferee Company) at their meeting held today i.e., 8th April, 2017 have issued and allotted 29,54,90,077 Equity Shares of Re.1/- each to the Shareholders of Star Ferro and Cement Limited as on 'Record date' i.e., 3rd April, 2017 (Monday) in the ratio of 1.33 Equity Share of Re.1/- each fully paid up for every 1 Equity Share of Re.1/- each fully paid up held in Star Ferro and Cement Limited as on Record date.
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