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Indiabulls Integrated Services Ltd - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

| Updated on January 29, 2019 Published on January 29, 2019

The Board of the Company has, inter alia, approved the composite scheme of arrangement amongst the Company, its direct and indirect subsidiaries and Indiabulls Pharmaceuticals Ltd (Scheme). The Scheme aims to streamline the operations and ownership structure of the Company, in a manner leading to maximization of stakeholders value by providing them direct ownership in each business segments, and to have a focused approach towards upcoming insurance business.
Pursuant to the Scheme, the shareholders of the Company will get extra shares of Indiabulls Enterprises Limited (IEL), free of any cost, in lieu of their shareholding in the Company, which will get listed on NSE and BSE and with this, post effectiveness of the Scheme, they will have shares of two listed entities -
(1) the Company, focusing on life and general insurance and related businesses, and
(2) IEL, focusing on non-insurance businesses (including proposed pharma business and rural finance business).
Refer the attachment.

Pdf Link: Indiabulls Integrated Services Ltd - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Source : BSE - www.bseindia.com

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Published on January 29, 2019
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