Amrit Enterprises Board Meeting on Jul 24, 2007 to consider allotment of shares

Amrit Enterprises Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 24, 2007, inter alia, to consider allotment of equity shares, as provided in the Scheme of Arrangement. Under the Scheme of Arrangement between Amrit Corp. Ltd., Amrit Enterprises Ltd. and ABC Paper Ltd. coming into effect on June 23, 2007 and as provided therein, the equity share capital is being reorganized and 32,13,231 equity shares of Rs 10/- each will be allotted to the shareholders of Amrit Corp. Ltd. holding shares as on the Record date i.e. July 20, 2007 in proportion of one (1) equity share of Rs 10/- each fully paid up for every four (4) existing equity shares of Rs 10/- each held by the shareholders.

Source : Equity Bulls

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