Group Related News
Amalgamation Of The Dawn Mills Company Limited With Peninsula Land Limited
he process of amalgamation of the Dawn Mill Company Ltd. with Peninsula Land Ltd., which was started in November 2005 has been completed with the receipt of Order from Honorable Mumbai High Court.The said Order was received on the 1st of June, 2007. As per the Scheme, the shareholders of Dawn will receive 20 equity shares of Rs. 10/- each of the Company against one share of Rs. 50/- each held in Dawn. 50,00,000 equity shares will be allotted by the Company to the shareholders as on the Record Date, 6th July, 2007, being the Record Date fixed to determine the shareholders of Dawn.
After the amalgamation all assets and liabilities of The Dawn Mills Company Limited has been transferred to Peninsula Land Ltd with effect from 1st July, 2005.
By this process Shareholders of The Dawn Mill Company Limited have become the members of the Ashok Piramal Group. For Peninsula Land, it is a rewarding business opportunity as it has got the development rights of the land in Central Mumbai, where it is in the process of developing a state of the art IT/Commercial complex.
We welcome all the shareholders of The Dawn Mill to Ashok Piramal Group. << Back