BF Utilities Ltd has announced that the "Record Date" for the purpose of determining shareholders of BF Utilities Ltd. (the Demerged Company) who are entitled to receive the New Equity Shares of BF Investment Ltd. (the Resulting Company) is fixed on March 12, 2010.
As per Clause 12.2 of the Scheme, the Share Exchange Ratio is 1 (one) equity share of Rs. 5/- (Rupees Five only) each, credited as fully paid up of the Resulting Company (hereinafter called the "New Equity Shares") for every 1 (one) equity share of face value of Rs. 5/- (Rupees Five only) each held in the Demerged Company on the Record Date.
The stock was trading at Rs.1090.60, up by Rs.122.60 or 12.67%. The stock hit an intraday high of Rs.1134.80 and low of Rs.979.80.
The total traded quantity was 119155 compared to 2 week average of 14648.
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Union Budget