The board of Carnation Nutra Analogue Foods as per the composite scheme of arrangement approved by the Hon'ble High Court of Gujarat at Ahmedabad has allotted 3,34,96,989 equity shares of Rs 10 each fully paid-up to the shareholders of Cadila Healthcare, whose names appeared in the Register of members as on the demerger record date i.e. 05 January 2009 in the ratio of 4 equity shares of Rs 10 each fully paid-up of the company for every 15 equity shares of Rs 5 each held by the member in Cadila Healthcare.
These shares were allotted at the board meeting held on 17 January 2009.
These shares were allotted at the board meeting held on 17 January 2009.
1 comment:
the sales of carnation and consumer division are almost same around 900cr... carnation at present has 55lac shares while new shares issued to cadila shareholders are 3.4 crore... this is complete fraud and gujarat high court it seems is sleeping to have approved this
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