Corporate Action – Merger of ISMT Limited with - Key Points for Investors

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Kirloskar Ferrous Industries has set Tuesday, August 6, 2024, as the Record Date to determine the equity shareholders of ISMT Limited who are entitled to receive fully paid-up equity shares of Kirloskar Ferrous Industries, as specified in the Scheme’s share exchange ratio. According to the Scheme of Arrangement, Kirloskar Ferrous Industries will issue and allot fully paid-up equity shares to ISMT Limited shareholders recorded in the Register of Members on the Record Date. The exchange ratio is 17 fully paid-up equity shares of ₹5 each for every 100 fully paid-up equity shares of ₹5 each held by these members in ISMT Limited. The newly allotted equity shares by Kirloskar Ferrous Industries will be listed on BSE Limited, subject to applicable regulations and necessary regulatory approvals.

What are your thoughts on this order by the NCLT? Feel free to use this thread for discussion.

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ismt Delisted my demat account , but not Kirloskar Ferrous Industries share paid me ,

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@CHART_STUDY This usually takes time. Request you to keep a check on your email. As and when the shares will be allotted, you will get an email alert from CDSL.