Record date is 13 March 2018
HB Portfolio announced that the company has fixed 13 March 2018 as record date for composite scheme of arrangement between HB Stockholdings (HBSL), HB Portfolio (HBPL) and HB Estate Development (HBEDL).1.
For reckoning the names of the Equity Shareholders of HBPL who shall be entitled to receive the Equity Shares of HBEDL in consideration for the Demerger of HBPL 'Preference Shares Investment and Loans & Advances Undertaking' and transfer and vesting of the same into HBEDL (Demerger 3) as provided in Part D of the Scheme.
2. For the Reduction of Issued, Subscribed and Paid-up Equity Share Capital and Reorganisation of the Authorised Share Capital simultaneously as provided in Part E of the Scheme after the allotment of equity shares by HBPL to the shareholders of HBSL in Demerger 1.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU