United Spirits Ltd has informed BSE that as per the Scheme of Amalgamation between Shaw Wallace & Company Ltd (SWC), Primo Distributors Pvt Ltd (Primo) and United Spirits Ltd (USL), the share exchange ratio for the merger of Shaw Wallace & Company Ltd into the company is as follows :
– 4 (Four) fully paid up Equity Shares of the face value of Rs 10/- (Rupees Ten only) each in USL for every 17 (Seventeen) fully paid up equity shares of the face value of Rs 10/- (Rupees Ten only) each held in SWC.
As Prima has been a wholly owned subsidiary of the Company no consideration shall be payable pursuant to the amalgamation of Primo into the Company.
Source: Bseindia.com