(11-Aug-2016 Hours IST)
Aditya Birla Nuvo Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2016, have considered and approved a Composite Scheme of Arrangement between the Company, Grasim Industries Limited and Aditya Birla Financial Services Limited and their respective shareholders and creditors u/s Sections 391 to 394 of the Companies Act, 1956 ['the Composite Scheme']. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of the respective High Courts, the Stock Exchanges, SEBl, the respective Shareholders and lenders/ creditors of each of the companies involved in the Composite Scheme. In this regard, the Company has issued a Press Release dated August 11, 2016 titled 'Creating a premier play on India's growth'. Aditya Birla Nuvo Ltd has informed BSE regarding 'Composite Scheme of Arrangement'. Aditya Birla Nuvo Ltd has informed BSE regarding 'Updates on Composite Scheme of Arrangement'. (As per BSE Announcement dated on 12.08.2016) With referece to the earlier letter dated August 11, 2016, Grasim Industries Ltd has submitted to BSE a copy of the Presentation on the proposed Composite Scheme of Arrangement between the Company, Aditya Birla Nuvo Limited and Aditya Birla Financial Services Limited and their respective shareholders and creditors u/s Sections 391 to 394 of the Companies Act, 1956. The same is being uploaded on Grasim's website and will be used for investors meetings to be held from time to time. (As Per BSE Announcement Dated On 23/08/2016) Grasim Industries Ltd has informed BSE regarding 'Proposed Scheme of Arrangement between Aditya Birla Nuvo Limited. Grasim Industries Limited, Aditya Birla Financial Services Limited and their respective Shareholders and Creditors (Draft Scheme)'. (As Per BSE Announcement Dated on 06.10.2016) Transfer of equity shares held in Birla Sun Life Insurance Company Limited (As Per BSE Announcement Dated on 23.03.2017) Press Release on Composite Scheme of Arrangement between Aditya Birla Nuvo Limited, Grasim Industries and Aditya Birla Financial Services Limited and their respective shareholders and creditors (As Per BSE Announcement Dated on 11.04.2017) Press Release on the Composite Scheme of Arrangement between the Company and Grasim Industries Limited and Aditya Birla Financial Services Limited and their respective shareholders and creditors (As Per BSE Announcement Dated on 05.06.2017) Updates on the Composite Scheme of Arrangement between the Company and Grasim Industries Limited and Aditya Birla Financial Services Limited and their respective Shareholders and Creditors (As Per BSE Announcement Dated on 20.06.2017) Grasim Industries Ltd has fixed July 06, 2017 as the Record Date for merger of Aditya Birla Nuvo Ltd (ABNL) with Grasim Industries Ltd in terms of the Scheme for determining the entitlement of the equity shareholders of ABNL to receive fully paid up equity shares of Grasim Industries Ltd in the ratio of 15 (Fifteen) fully paid up equity share of Rs. 2/- (Rupees Two) each of Grasim Industries Ltd credited as fully paid up for every 10 (Ten) fully paid up equity shares of 10/- (Rupees Ten) each, held by such shareholder in ABNL. (As Per BSE Announcement Dated on 22.06.2017) Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as sanctioned by the Ahmedabad Bench of the Hon'ble National Company Law Tribunal between Aditya Birla Nuvo Limited and Grasim Industries Limited, Grasim Industries Limited has intimated the Record Date to determine the entitlement of shareholders of Aditya Birla Nuvo Limited to equity shares of Grasim Industries Limited. Trading Members are advised not to deal in the equity shares of Aditya Birla Nuvo Limited with effect from the under mentioned date: COMPANY NAME CODE Aditya Birla Nuvo Limited (500303; 600303) RECORD DATE 6/7/2017 PURPOSE The Scheme of Amalgamation: - Upon the Scheme becoming effective and in consideration of the Amalgamation of Aditya Birla Nuvo Limited into Grasim Industries Limited, Grasim Industries Limited shall issue and allot Equity Shares to the shareholders of Aditya Birla Nuvo Limited in the following share exchange ratio: '15 equity shares of Grasim Industries Limited for every 10 equity Shares held in Aditya Birla Nuvo Limited'. NO DEALINGS FROM 05/07/2017 DR-066/2017-2018 Trading Members of the Exchange are requested to take note of the above. (As Per BSE Notice Dated on 22.06.2017) Grasim Industries Ltd. informed the Exchange that the Allotment Committee of the Board of Directors of the Company has approved allotment of 19,04,62,665 Equity shares of Rs. 2 each of the Company under the Composite Scheme of Arrangement between Aditya Birla Nuvo Limited and Grasim Industries Limited and Aditya Birla Financial Services Limited (now known as Aditya Birla Capital Limited) and their respective shareholders and creditors. (As Per BSE Announcement Dated on 11.07.2017) Aditya Birla Capital Limited has informed the Exchange regarding Outcome of Committee Meeting held on January 15, 2018. (As Per NSE Bulletin Dated on 16.11.2018) Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated 16.03.2019)
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