With reference to the earlier announcements dated January 30, 2009 and February 16, 2009, regarding Scheme of Amalgamation of Punjab Tractors Ltd with the Company and their respective Shareholders, Mahindra & Mahindra Ltd has informed that on March 12, 2009 the Company has allotted 2,02,51,900 Ordinary (Equity) Shares of Rs 10/- each fully paid-up to the Shareholders of the erstwhile Punjab Tractors Ltd (PTL) in the share exchange ratio of 1 (One) Equity Share of the Company for every 3 (Three) Equity Shares of PTL held as on the Record Date i.e. March 04, 2009.
The above 2,02,51,900 Ordinary (Equity) Shares rank pari passu in all respects with the existing Ordinary (Equity) Shares of the Company.
The above 2,02,51,900 Ordinary (Equity) Shares rank pari passu in all respects with the existing Ordinary (Equity) Shares of the Company.
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