Rane Engine Valves (Delisted) share news and announcements

Feb 2008

• 9 Feb · Corporate action

  At the final hearing held on December 20, 2007, the Hon'ble High Court of Madras have sanctioned the composite Scheme of Demerger, Merger and Amalgamation between Rane Engine Valves Limited (REVL), Rane Brake Linings Limited (RBL), Techcons Limited (Techcons), Rane Brake Products Limited (RBPL) and Rane Holdings Limited (RHL) ("Scheme"). In terms of Scheme, each member of the transferor companies viz., REVL & RBL whose name is recorded in the register of members as on the record date would be allotted shares in the following manner: i) 1 equity share of Rs.10/- each fully paid up in Techcons for every 1 equity share held in REVL; ii) 1 equity share of Rs.10/- each fully paid up in RBPL for every 1 equity share held in RBL; iii) 56 shares of RHL for every 100 shares of REVL; iv) 75 shares of RHL for every 100 shares of RBL. For this purpose February 22, 2008 has been fixed as the Record Date for determining the shareholders of Rane Engine Valves Limited who are eligible to receive shares as detailed above. Further, a copy of the detailed note on the Scheme shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.