RAS EXTRUSIONS LTD. - Updates on Merger Scheme

Ras Extrusions Ltd has informed BSE that Hon'ble BIFR, New Delhi have circulated the Modified Draft Rehabilitation Scheme of the Company, based upon Meger with M/s. Essel Propack Ltd.<br/><br/>The said Merger scheme envisages issue of 10 (Ten) Fully paid Equity share of Rs. 2/- each fully paid up at par, of Essel Propack Ltd. (Transferee Company) for every 108 (One Hundred Eight) equity shares of Rs. 10/- each fully paid up, held by shareholders of Ras Extrusions Ltd (REL) (Transferor Company), as per provisions of valuation report.<br/><br/>The said MDRS is subject to approval of Hon'ble BIFR.