Kojam Fininvest fixes Record Date for amalgamation

Gujarat Glass Ltd has announced that October 06, 2007 has been fixed as the Record Date for the purpose of Scheme of Arrangement and Amalgamation ("the Scheme") of Kojam Fininvest Ltd ("KFL") with Gujarat Glass Ltd ("GGL") and their respective shareholders.

Accordingly, 93,17,000 equity shares of Gujarat Glass Ltd held by KFL shall stand cancelled pursuant to the Scheme and 1 equity shares of Rs 10/- each of Gujarat Glass Ltd will be issued to the shareholders of KFL for every 1 equity share of KFL held by them as on the Record Date.

The stock closed the day at Rs.215.20, down by Rs.0.25 or 0.12%. The stock hit an intraday high of Rs.225 and low of Rs.212.35.

The total traded quantity was 16642 compared to 2 week average of 8231.

Source : Equity Bulls

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