Man Industries (India) Ltd Update on Record Date pursuant to Scheme of Arrangement (Demerger) between Man Industries (India) Limited (MIIL) and Man Infraprojects Limited (MIPL)
Mumbai, September 15, 2020: MAN Industries (India) Limited, one of the leading Large Diameter Pipe manufacturing companies has announced at their board meeting today, that the company in pursuance of the performance of its obligations under the aforesaid Scheme of Arrangement (demerger), the Board of Directors of the Company has fixed the Record Date as on 25th September ’2020 for the purpose of issuance of free shares by Man Infraprojects Ltd.(MIPL), in the ratio of 1:1 to all the shareholders of Man Industries (India) Ltd whose names will be appearing in the list of shareholders as on Record Date, i.e. 25th September’2020.
