Orient Bell Allots Equity Shares (07-Jun-2012)
The committee of Orient Bell in its meeting on 06 June 2012 accorded its approval for the allotment of 30,43,451 equity shares of Rs 10 each to the shareholders of erstwhile Bell Ceramics, in the share exchange ratio of 1:4 in terms of scheme of amalgamation (one share of Orient Bell for every 4 shares of Bell Ceramics). The shares will be allotted to those who stood as shareholders of Bell Ceramics as on record date.
The proceeds of fractional shares will be distrubuted among the entitled shareholders on pro rata basis.
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