Brand Concepts Limited has informed the Exchange that Record date for the purpose of Merger/HiveOff is 19-Jun-2025.
BCONCEPTS · price
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Brand Concepts Limited has fixed Thursday, 19 June 2025 as the Record Date to determine shareholders of IFF Overseas Private Limited who will receive shares in the merged entity. The merger is being carried out under Sections 230-232 of the Companies Act, 2013, and has received the required approval and sanction. Under the share exchange ratio, shareholders of IFF Overseas will get 100 equity shares of ₹10 each of Brand Concepts for every 353 equity shares of ₹10 each held in IFF Overseas. The new shares to be issued by Brand Concepts will be listed on NSE and BSE after receiving necessary regulatory approvals.
Shareholders of IFF Overseas Private Limited as on 19 June 2025 will be entitled to new shares of Brand Concepts under the swap ratio. For existing Brand Concepts shareholders, the merger will lead to equity dilution as new shares are issued, but could also bring in additional business value from the merged entity.