Shares allotted to U R Energy shareholders under amalgamation scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.1% vs market

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AI summary

Jhaveri Credits and Capital has allotted 16,16,088 equity shares (face value Rs 10) to shareholders of U R Energy Private Limited under a scheme of amalgamation approved by NCLT Ahmedabad. Share exchange ratio is 253:500. Paid-up capital rose from Rs 9.49 crore to Rs 11.10 crore, taking total shares to 1,11,02,024. New shares will rank equally with existing ones and are proposed to be listed on BSE.

Likely market impact

Dilution for existing shareholders as equity base grows by about 17%. Amalgamation expands business via U R Energy integration.