Kamdhenu Ltd fixes record date for demerger

Pursuant to the Scheme of Arrangement, Wednesday, 7th September, 2022 has been fixed as Record Date, for the purpose of determining the eligibility of the Equity Shareholders of Kamdhenu Limited ('the Company'), to whom the fully paid-up Equity Shares of Rs. 5/- each, of Kamdhenu Ventures Limited (Resulting Company No. 1) will be issued and allotted in consideration of Demerger of Paint Business of Kamdhenu Limited, in the ratio of 1 (one) Equity Share of Rs. 5/- each of the Kamdhenu Ventures Limited, for every 1 (one) Equity Share of Rs. 10/- each held in Kamdhenu Limited.

Shares of Kamdhenu Limited was last trading in BSE at Rs. 223.75 as compared to the previous close of Rs. 234.10. The total number of shares traded during the day was 53377 in over 1268 trades.

The stock hit an intraday high of Rs. 237.95 and intraday low of 222.00. The net turnover during the day was Rs. 12189142.00.

Source : Equity Bulls

Keywords

Kamdhenu INE390H01012 Demerger SharesAllotment KamdhenuVentures