BSE : Scheme of Arrangement - Issue of NCRPS by Music Broadcast Limited (Scrip Code 540366)
January 10, 2023 at 06:21 am EST
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NOTICES
Notice No.
20230110-19
Notice Date
10 Jan 2023
Category
Corporate Actions
Segment
Equity
Subject
Scheme of Arrangement - Issue of NCRPS by Music Broadcast Limited (Scrip Code 540366)
Content
Trading Members of the Exchange are hereby informed that, Pursuant to the Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, Music Broadcast Limited has fixed Record Date for the purpose of determining the eligibility of Non-Promoter Shareholders holding Equity Shares of the Company to receive by way of Bonus Non Convertible Redeemable Preference Shares ("NCRPS") of the Company as per details given below:-<_o3a_p>
COMPANY NAME<_o3a_p>
CODE<_o3a_p>
RECORD DATE<_o3a_p>
PURPOSE<_o3a_p>
EX-ENTITLEMENT DATE &<_o3a_p>
SETT. NO.<_o3a_p>
Music Broadcast Limited <_o3a_p>
<_o3a_p>
(540366) <_o3a_p>
13/01/2023<_o3a_p>
<_o3a_p>
As per the Scheme of Arrangement as approved by the Hon'ble National Company Law Tribunal, Mumbai Bench : -<_o3a_p>
<_o3a_p>
To determine the Non-Promoter Shareholders of the Company who will be entitled to receive Bonus NCRPS of the Company in the ratio of 1:10 i.e. One NCRPS for every Ten Equity Shares as on Record Date of the Face Value of Rs.10/- (Rupees Ten) issued at a premium of Rs.90/- (Rupees Ninety) per NCRPS carrying a dividend of 0.1% (Zero Point one percent)<_o3a_p>
13/01/2023<_o3a_p>
DR- 698/2022-2023<_o3a_p>
<_o3a_p>
<_o3a_p>
<_o3a_p>
Trading Members of the Exchange are requested to take note of it.<_o3a_p>
BSE Ltd. published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 11:20:09 UTC.
BSE Limited is an India-based stock exchange company. The Company provides a platform for trading in equity, debt instruments, derivatives, and mutual funds. It also has a platform for trading in equities of small-and-medium enterprises (SME). The Company operates through Stock Exchange Operations segment that facilitates trading in securities and other related ancillary services. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. The Companyâs systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments. The Company's subsidiaries include Indian Clearing Corporation Limited, BSE Investments Limited, BSE E-Agricultural Markets Limited, BSE EBIX Insurance Broking Private Limited, BSE Administration and Supervision Limited, among others.
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