RAS PROPACK LAMIPACK LTD. - Updates on Merger Scheme

Ras Propack Lamipack Ltd has informed BSE that Hon'ble BIFR, New Delhi have circulated the Modified Draft Rehabilitation Scheme of the Company, based upon Merger with M/s. Essel Propack Ltd.<br/><br/>The said Merger Scheme envisages issue of 10(Ten) Fully paid Equity Shares of Rs. 2/- each fully paid up at par, of Essel Propack Ltd. (Transferee Company) for every 165 (One Hundred Sixty Five) equity shares of Rs. 10/- each fully paid up, held by shareholders of Ras Propack Lamipack Ltd (RPLL) (Transferor Company), as per provisions of valuation report.<br/><br/>The said MDRS is subject to approval of Hon'ble BIFR.