VDCL certifies distribution of proceeds from MDSL amalgamation fractional shares
VIJAYA · price
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VDCL has completed distributing sale proceeds from fractional shares arising in its amalgamation with Medinova Diagnostic Services (MDSL). MDSL shareholders got 1 VDCL share for every 22 MDSL shares held. About 3,914 fractional shares were sold for roughly INR 51.85 lakh on June 22, 2026. Around INR 15 lakh was paid to eligible shareholders on August 5, 2026, and about INR 36.85 lakh is held in escrow for those with missing bank details.
Routine post-merger compliance filing. No new business impact. Eligible MDSL shareholders receive proceeds or await bank detail confirmation.