Digjam Ltd allots shares, NCRPS

The Committee of Directors of Digjam Ltd at their meeting held on April 29, 2016 have allotted securities to the shareholders of erstwhile Digjam Limited, whose names appear in the Register of Members on the Record Date, March 31, 2016.

8,76,41,621 Equity Shares of Rs. 10/- each were allotted at a premium of Rs. 5/- per share in the ratio of 1 Equity Share for every 1 Equity Share held in the Amalgamating Company. The said Shares are to be listed on BSE Limited and National Stock Exchange of India Limited in terms of the aforesaid Scheme of Amalgamation.

5,00,000 8% Non-Convertible Redeemable Preference Shares were allotted on the terms and conditions on which the said shares were issued by erstwhile Digjam Limited (Amalgamating Company) and are not required to be listed.

The Equity Shares are being credited to the respective demat accounts of those shareholders who hold the Equity Shares in dematerialized form and Share Certificates are being dispatched to the shareholders holding shares in physical form on the Record Date.

Source : Equity Bulls

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