Aarti Industries Demerger Update: Aarti Industries Ltd stock is one of the multibagger stocks that the Indian stock market has offered in recent years. The chemical company has announced the record date for demerger into two companies – Aarti Industries and Aarti Pharmalabs Limited. The company’s board of directors has set October 20, 2022 as the record date for the spin-off of these two company shares. The board of the chemical company has fixed this registration date following the approval of the bench of the National Company Tribunal, Ahmedabad. The NCLT approved the demerger of Aarti Industries by ordering payment of one share of Aarti Pharma for every four shares of Aarti Industries held by the shareholders.

Informing the stock exchanges about the record date of the demerger, Aarti Industries said, “Date of record: Thursday, October 20, 2022 – To determine the members of ‘Aarti Industries Limited’ (as per the scheme of the demerged company), whom the equity shares of ‘ Aarti Pharmalabs Limited” (as per the scheme of the resulting company) to be allotted in accordance with Part “B” of paragraph 13.1 of the scheme”.

Giving its nod to the demerger of Aarti Industries, the NCLT said, “Upon the coming into force of the Scheme, and as proposed in the Scheme, the resultant Company shall issue and allot without any other act or deed and without any other payment proportional to each partner of the demerged company, whose name is entered in the register of members of the demerged company as a shareholder on the date of registration in the following proportion: 1 (One) capital share of 5 each, fully disbursed from the resulting company for every 4 (four) shares of capital 5 each fully disbursed in a split company”.

While giving its approval to the scheme of demerger of Aarti Industries, NCLT said, “In view of the approval given by the members and creditors of the petitioner companies to the proposed scheme, and the no objection given vide NSE’s letter dated 09.11.2021 and the comment of ” no adverse”. observation” given by EEB letter of 09.11.2021, it seems that the petitioning companies meet the requirements of the provisions of articles 230 and 232. It seems that the proposed scheme is in good faith and in the interest of shareholders and creditors. The petition is therefore granted.”

Aarti Industries stock is one of the multibagger stocks on Dalal street. In the post-Covid upturn, this chemical stock has doubled shareholder cash over the past two years, while over the past five years, it has delivered a whopping 275 percent return to its shareholders.

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