Torrent Power has informed that pursuant to the Composite Scheme of Amalgamation of Torrent Energy Limited (‘TEL’ or ‘Transferor Company-1’) and Torrent Cables (‘TCL’ or ‘Transferor Company-2’) with Torrent Power (‘Company’ or ‘TPL’ or ‘Transferee Company’) and their respective shareholders and creditors (‘the Scheme’), the Committee of Directors of the Company at its meeting held on October 23, 2015 has approved the allotment of 81,68,476 equity shares of Rs. 10 each, fully paid up, at par, in accordance with Para 7 of the Scheme in the ratio of 19 equity shares of face value of Rs 10 each, fully paid-up, at par of Torrent Power Limited for every 20 equity shares of face value of Rs 10 each fully paid-up held in Torrent Cables by the shareholders of TCL, whose names appear in the Register of Members / Register of Beneficial Owners as at the close of business hours on October 16, 2015, the Record Date fixed for the purpose.
The above information is a part of company’s filings submitted to BSE.
