Please find the relevant disclosure In Part III of the Scheme; in consideration for the transfer of the Remaining Business of the Transferor Company No.1 into the Transferee Company, the Transferee Company, shall without any further act or deed, issue and allot the equity shares on proportionate basis to each member holding equity shares of the Remaining Business and whose name is recorded in the register of members as on the Record Date (or to their respective heirs, executors, administrators or other legal representatives or the successors- in-title, as the case may be), in the following proportion: '967 (Nine Sixty Seven) fully paid-up equity shares of Rs 1 (Rupee One) each of the Transferee Company for every 1000 (One Thousand) fully paid-up equity share of Rs 1(Rupee One) each held in the Transferor Company No. 1'