NXT Digital merger news, Record Date 2022, NMDC Demerger Ratio: NXTDigital (NDL), the media vertical of Hinduja Group, on Tuesday, November 22, traded ex-date for amalgamation. The company had in September received shareholders’ approval for merger with Hinduja Global Solutions (HGS).
According to an exchange filing by the company, November 23 has been fixed as the record date for determining the eligibility of shareholders for share allocation.
As per the filing, 20 fully paid-up equity shares face value of Rs 10 each of Hinduja Global Solutions Limited would be issued and allotted for every 63 fully paid-up equity shares of the face value of Rs 10 each to the eligible shareholders of Nxtdigital Limited.
Such Equity Shares shall be subsequently listed on BSE Limited and National Stock Exchange of India Limited.
“….we request you to kindly note that Hon’ble National Company Law Tribunal, Mumbai Bench has vide Order dated November 11, 2022 sanctioned and approved the Scheme of Arrangement between NXTDIGITAL Limited and Hinduja Global Solutions Limited and their respective shareholders, a copy of the Order is enclosed herewith…, “the company said in the filing.
Shares of Hinduja Global Solutions quoted Rs 1256 apiece on NSE, declining 2 per cent. The company has a market cap of Rs 5.36 trillion crore. The stock’s 52-week range is Rs 1,960.00 – 846.00.