Phoenix Lamps revises record date for issue and allotment of shares
DSIJ Intelligence / 04 Sep 2017
Phoenix Lamps has revised the record date as September 13, 2017 for the purpose of issue and allotment of equity shares to the minority shareholders of Phoenix Lamps
Phoenix Lamps has revised the record date as September 13, 2017 for the purpose of issue and allotment of equity shares to the minority shareholders of Phoenix Lamps in the capital of Suprajit Engineering and the entitlement of dividend there of pursuant to the scheme of amalgamation approved by the NCLT, Bengaluru branch on Friday through a BSE filing.
Suprajit Engineering will issue four equity shares of Rs 1 each for every five equity shares of Rs 10 each held by the minority shareholders in Phoenix Lamps as on record date. Meanwhile, both the stocks ended in the green zone during Friday’s trade. Phoenix Lamps gained 1.12% at Rs 211.45 per share and Suprajit Engineering gained 0.37% at Rs 283.90 per share on the BSE respectively. Suprajit Engineering is an India-based company engaged in manufacturing automotive cables, speedometers and automotive components.
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