Greenlam Industries Ltd allots shares to shareholders of HG Industries Ltd on merger

The Operational & Finance Committee of Board of Directors of Greenlam Industries Ltd, at its meeting held on November 23, 2023 ("Meeting"), have allotted 5,81,301 equity shares of face value of Rs. 1 each fully paid up of the Company to the eligible equity shareholders of the Transferor Company i.e., HG Industries Ltd(other than the Transferee Company in respect of its shareholding in Transferor Company) as on the Record Date in the ratio of 1 equity share of Re. 1/- each fully paid up of the Company for every 2 equity shares of Rs. 5/- each fully paid up held by the eligible shareholders in the Transferor Company.

Consequent to the above allotment, the issued and paid-up equity share capital of the Company stands increased from Rs. 12,69,92,550 (Rupees Twelve Crore Sixty-Nine Lakh Ninety-Two Thousand and Five Hundred Fifty Only) comprising of 12,69,92,550 equity shares of Rs. 1 each to Rs. 12,75,73,851 (Rupees Twelve Crore Seventy-Five Lakh Seventy-Three Thousand and Eight Hundred Fifty-One Only) comprising of 12,75,73,851 equity shares of Rs. 1 each.

Source : Equity Bulls

Keywords

GreenlamIndustries SharesAllotment HGIndustries Merger