NSE & BSE Circulars regarding Listing of Equity Shares of Dhunseri Investments Ltd, pursuant to Scheme of Arrangement are appended herewith for your ready reference and perusal please.
|Name of the Company||Dhunseri Investments Limited|
|Series||BE – Trade for Trade|
|Security Description||Equity shares of Rs.10/- each allotted pursuant to scheme of arrangement|
|No. of securities||5855448|
|Distinctive number range||50001-5905448|
|Remarks||Currently the securities shall be available for trading in Series ‘BE’ and subsequently be shifted to Series ‘EQ’ as per SEBI circular no. SEBI/Cir/ISD/1/2010 dated September 2, 2010|
The brief particulars of the scheme of arrangement are as mentioned below:
Pursuant to the Scheme, the Jaipur Packet Factory & Investment division of Dhunseri Tea & Industries Limited (DTIL) (Now known as Dhunseri Petrochem & Tea Ltd) has been transferred to and vested in DIL on a going concern basis and in consideration thereof, DIL has allotted 58,55,448 equity shares to the shareholders of the DTIL in the ratio of 1 (One) equity share of Rs.10/- each of DIL for every 2 (Two) equity shares of Rs.10/- each held in DTIL.
Extract of Circular: 9.3 Compulsory Close-out of securities under Corporate Action:
‘No delivery’ is abolished in respect of all types of corporate actions for securities traded in the compulsory dematerialised mode. In case a company announces any corporate action for securities in compulsory dematerialised mode, the Clearing Corporation shall announce an ex-date and all cum transactions which cannot be auctioned on cum basis shall be compulsory closed out. All cases of short deliveries where the cum basis auction pay out which would otherwise have been after the book closure / record date shall be closed out as stipulated by SEBI vide Circular Ref No: SMD/Policy/Cir-08/2002 dated April 16, 2002. Accordingly, shortages shall be directly closed out at the highest price prevailing in the Exchange from the day of trading till the day of closing out or 10% above the official closing price on the auction day, whichever is higher, or as declared from time to time. The no–delivery period shall continue to be applicable in case of securities deliverable in physical form.