Friday, July 24, 2009

United Spirits Allotment Of Equity Shares - July 24, 2009

The Committee of United Spirits has allotted 7,749,121 equity shares of Rs 10 each, fully paid-up, to the equity shareholders of SWC, in terms of the exchange ratio mentioned in the scheme pursuant to the scheme of amalgamation between Shaw Wallace & Company (SWC), Primo Distributors (Primo) and United Spirits (Scheme) sanctioned by the Hon'ble High Courts of Karnataka, Bombay and Calcutta.

Post-allotment, the paid up equity share capital at the company stands increased to Rs 1,079,123,770 divided into 107,912,377 equity shares of Rs 10 each, fully paid up, from the existing paid up equity share capitol of Rs 1,001,632,560 divided into 100,163,256 equity shares of Rs 10 each, fully paid up.

These equity shares were allotted at the committee of directors meeting held on 24 July 2009.

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