Sundaram Clayton Limited (SCL) has informed the Bombay Stock Exchange that the company has fixed September 10 as the record date for the purpose of allotment of shares to its shareholders.
This follows a composite scheme of arrangement, including amalgamation and demerger among the company and its wholly-owned subsidiaries — Anusha Investments Limited and Sundaram Investment Limited (SIL).
The shareholders of Sundaram Clayton will be allotted one new equity share of Rs. 5 each in the company and one equity share of Rs. 5 each in SIL for every two equity shares of Rs. 5 each held.