Demerger Record Date definition

Demerger Record Date means any date after due sanction of this Scheme by the Hon’ble NCLT in accordance with the Act, as shall be mutually fixed by the Board of Directors of Digital, IncNut Stylecraze Private Limited and Momjunction Private Limited, for the purpose of determining the security holders of Digital who shall be eligible for issue of securities in accordance with Clause 12.1 pursuant to and as contemplated under Part II of this Scheme.
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Demerger Record Date means in respect of demerger of ‘Automotive/Tractor/Engineering Components Business Undertaking’ of PIL, the date to be fixed by the Board of Directors of PIL in consultation with the Board of Directors of PAIL for the purpose of issue and allotment of shares by PAIL to the shareholders of PIL accordance with Clause Error! Reference source not found. of this Scheme.
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Demerger Record Date means in respect of demerger of Power Business Undertaking of Jagdamba, the date to be fixed by the Board of Directors of Jagdamba for the purpose of issue and allotment of shares by Godawari to the shareholders of Jagdamba in accordance with Clause 16 of this Scheme.
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Examples of Demerger Record Date in a sentence

  • Failure to input this instruction by 3:00 p.m. (UK time) on the Demerger Record Date may result in such SSE Shareholder being deemed an Ineligible Shareholder.

  • Each holder of CNH Shares as determined after close of trading and settlement of all transactions on the Demerger Record Date will receive, by operation of law, Common Shares on a ratio equal to one Common Share for every five CNH Common Shares.

  • Assuming that: 🞄 the Demerger Conditions are satisfied and that Firefinch proceeds with the Demerger, the Demerger Record Date to determine entitlements of Firefinch Shareholders to participate in the Demerger is Monday, 6 June 2022; and 🞄 there are approximately 1.181 billion Firefinch Shares on issue as at the Demerger Record Date, the ratio of the In-Specie Distribution will be 1 Leo Lithium Share for every1.4 Firefinch Shares held.

  • You must be an Eligible Firefinch Shareholder on the Demerger Record Date in order to receive an entitlement to Leo Lithium Shares pursuant to the Demerger.

  • Shareholders attention is however drawn to the proposed transactions resulting in the issue of further AfriTin Shares described in paragraph 4 of this Part I and should note that as a result of these proposed transactions the proportion of the share capital of AfriTin which will be held by them immediately following Admission will be less than the proportion of the share capital of Bushveld Minerals which will be held by them on the Demerger Record Date.

  • Uncertificated shares held through CRESTEach SSE Shareholder who holds SSE Shares in uncertificated form will be required to make the abovementioned representations, warranties and confirmations through the electronic CREST proxy appointment service by 3:00 p.m. (UK time) on the Demerger Record Date.

  • The ratio is a technical measure introduced solely for the purpose of reducing the total number of Iveco Group Common Shares (and Special Voting Shares as the case maybe), whereby each CNH Shareholder on the Demerger Record Date is allotted a pro rata number of Iveco Group Common Shares (and Special Voting Shares as the case maybe)representing exactly the same proportion of the shareholding in CNH Industrial held by each of such shareholder at the Demerger Record Date.

  • If approved by Shareholders, the Demerger will result in Shareholders continuing to hold the same number of Ordinary Shares in the Company as held by them on the Demerger Record Date, and also holding an equal number of AfriTin Shares to be issued by AfriTin, which will become the holding company of the Greenhills Group.

  • If the Demerger is implemented, Eligible Firefinch Shareholders will receive 1 Leo Lithium Share for every 1.4 Firefinch Shares they hold at the Demerger Record Date.

  • The number of CNH Common Shares (and CNH Special Voting Shares as the case may be) held by CNH Shareholders will not change as a result of the Demerger and the related allotment of Common Shares (and Special Voting Shares as the case maybe).Each holder of CNH Common Shares will receive one Common Share for every five CNH Common Shares which it holds on the Demerger Record Date.


More Definitions of Demerger Record Date

Demerger Record Date means the Business Day before the M and B Reduction of Capital becomes effective currently envisaged to be 11 April 2003;
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Demerger Record Date means the date to be fixed by the board of directors of the Demerged Company for the purpose of determining the equity shareholders of the Demerged Company to whom shares of the Resulting Company shall be allotted pursuant to the Demerger under this Scheme;
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Demerger Record Date means the date, after the date of issue of shares pursuant to this Scheme to the shareholders of the First Demerged Company(‘Record Date’), to be fixed by the Board of Directors of the Second Demerged Company and the First Resulting Company and the Second Demerged Company and the Second Resulting Company, as the case may be for determining names of the equity shareholders of Second Demerged Company, who shall be entitled to shares of the First Resulting Company and the Second Resulting Company, respectivelyas specified under Clause 24 and Clause 32of this Scheme;
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Demerger Record Date means, in respect of demerger of the Integra Division business of Morarjee, the date to be fixed by the Board of Directors of Morarjee for the purposes of issue and allotment of shares by FSML to the shareholders of Morarjee in accordance with clause 5.1;
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Demerger Record Date means, in respect of demerger of the Internet Business Undertaking of Northgate into Northgate Com, the date to be fixed by the Board of Directors of Northgate for the purposes of issue and allotment of equity shares by Northgate Com to the equity shareholders of Northgate in accordance with clause 5;
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Demerger Record Date means the date to be mutually fixed by the Board of Directors of QDCPL and QCTPL, for the purpose of determining the shareholders of QCTPL to whom shares of QDCPL shall be issued in consideration for the demerger of the QCTPL Undertaking into QDCPL pursuant to and as contemplated under Part II of this Scheme.
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Related to Demerger Record Date

  • Regular Record Date for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 301.

  • Record Date With respect to any Distribution Date, the close of business on the last Business Day of the month preceding the month in which such Distribution Date occurs.

  • Distribution Record Date means the Confirmation Date.

  • Record Dates means , , , , , and , and such other date as the Depositor may direct.

  • Ex-Dividend Date means the first date on which shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive the issuance, dividend or distribution in question, from the Company or, if applicable, from the seller of Common Stock on such exchange or market (in the form of due bills or otherwise) as determined by such exchange or market.

  • Valuation Time means the close of business in the city of the Valuation Agent on the Local Business Day before the Valuation Date or date of calculation, as applicable, provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date.