Allotment of equity shares

| Updated on March 22, 2016 Published on March 22, 2016

Godrej Properties Ltd has informed BSE that the Scheme of Amalgamation of GVREL into GPL has been approved by the Hon’ble High Court of Judicature at Bombay vide Order dated February 26, 2016. Pursuant to the Scheme of Amalgamation, the Allotment Committee of Board of Directors of the Company at its meeting held on March 22, 2016, has allotted 1,67,45,762 Equity Shares of Rs 5/- each to the shareholders of GVREL in the ratio of 13 (Thirteen) fully paid up equity shares of face value of Rs.5/- (Rupees Five Only) each of GPL for every 118 (One Hundred and Eighteen) fully paid-up equity shares of Rs.10/- (Rupees Ten Only).

Accordingly, the issued, subscribed and paid up capital of the Company stands increased to Rs. 1,08,13,01,830/- consisting of 21,62,60,366 equity shares of Rs. 5/- each.

Also pursuant to the Scheme of Amalgamation, the authorised share capital of the Company would stand increased from Rs. 1,17,00,00,000 to Rs 269,00,00,000.

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Source : BSE - >www.bseindia.com

Published on March 22, 2016
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