United Spirits Ltd has informed BSE that pursuant to the Scheme of Amalgamation between Shaw Wallace & Company Ltd (SWC), Primo Distributors Pvt Ltd (Primo) and United Spirits Ltd (Scheme) sanctioned by the Hon’ble High Courts of Karnataka, Bombay and Calcutta, the Committee of Directors of the Company, at their meeting held on July 24, 2009, has allotted 7,749,121 equity shares of Rs 10/- each, fully paid-up, to the equity shareholders of SWC, in terms of the exchange ratio mentioned in the Scheme.
Post-allotment, the paid up share capital at the Company stands increased to Rs 1,079,123,770/- divided into 107,912,377 equity shares of Rs 10/- each, fully paid up, from the existing paid up share capitol of Rs 1,001,632,560/- divided into 100,163,256 equity shares of Rs 10/- each, fully paid up.
In terms of the Scheme, the equity shares of Primo Distributors Private Ltd stood cancelled without any exchange of equity shares of the Company as the entire paid up equity share capital of Primo Distributors Private Ltd was held by the Company.
Source: Bseindia.com