Scheme of Arrangement (Demerger) of Tata Chemicals Ltd.

Scheme of Arrangement (Demerger) of 

Tata Chemicals Ltd.

Scheme of Arrangement (for Demerger) approved by the Hon’ble National Company Law Tribunal, Mumbai Bench (NCLT), 

Tata Chemicals Ltd. has fixed the Record Date for the purpose of determining entitlement of the shareholders of the Company, as per details given below: 

COMPANY NAME & CODE   Tata Chemicals Ltd & 500770

RECORD DATE   05/03/2020

PURPOSE

As per Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench (NCLT), between, Tata Chemicals Ltd. (Demerged Company) and Tata Consumer Products Limited (Formerly known as Tata Global Beverages Limited) (Resulting Company) and Their Respective Shareholders and Creditors: -

Upon the coming into effect of the aforesaid Scheme and in consideration of the transfer of the Consumer Products Business of Tata Chemicals Ltd. Into Tata Consumer Products Limited;

Tata Consumer Products Limited shall issue and allot Equity Shares to the shareholders of Tata Chemicals Ltd.  in the following proportion:

“114 fully paid-up equity shares of Re.1/- each fully paid up of Tata Consumer Products Limited shall be issued and allotted for every 100 fully paid-up equity shares of Rs. 10/- each fully paid upheld in Tata Chemicals Limited”

EX-ENTITLEMENT  FROM DATE &  SETT. NO.  04/03/2020     DR-231/2019-2020

Note:

Pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; 

The aforesaid scrip shall be a part of Call Auction in Pre-open Session on March 04, 2020.

Adjustment of Futures and Options contracts in the security TATA Chemicals Limited (TATA CHEM)

As per NSE exchange circular no 43647 dated February25, 2020, TATA Chemicals Limited has informed the Exchange that the Company has fixed Record Date as March05, 2020 for the purpose of issuance and allotment of114(one hundred fourteen) equity share of Tata Consumer Products Limited (erstwhile Tata Global Beverages Limited)of face value Re1/-each for every 100 (hundred) equity shares of TATA Chemicals Limited of face value Rs 10/-each to shareholders of TATA Chemicals Limited.

All existing contracts with expiry date March 26,2020, April 30, 2020, and May 28, 2020, will expire on March 03, 2020. 

The methodology of settlement shall be separately intimated by respective Clearing Corporations.



Derivatives contracts on TATA CHEM shall be introduced again (with expiry dates March 26, 2020, April 30, 2020, and May 28, 2020) from March 04, 2020, being the ex-date of the underlying. 

The list of option strikes from which specific strike prices would be made available for trading on March04 2020shall be intimated to the trading members through a separate circular to be issued on March03, 2020aftermarket hours.

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