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Mahindra Ugine Steel Co.: Updates on Scheme of Amalgamation


With reference to the letter dated June 15, 2013, May 12, 2014, May 14, 2014, June 07, 2014, August 14, 2014 and November 3, 2014, Mahindra Ugine Steel Company Ltd has now informed BSE that the scheme of amalgamation between Mahindra Hinoday Industries Limited, Mahindra Ugine Steel Company Limited, Mahindra Gears International Limited, Mahindra Investments (India) Private Limited, Participaciones Internacionales Autometal Tres, S.L. (collectively referred as ?Transferor Companies?) and Mahindra CIE Automotive Limited (?Transferee Company?) and their respective shareholders and creditors (?Integrated Scheme?) has become effective on December 10, 2014.

Further, Mahindra CIE Automotive Limited will fix a Record date for identifying the shareholders of the transferor companies to whom the shares of Transferee Company, as per the Integrated Scheme, will be issued pursuant to the effectiveness of the Integrated Scheme.