Brief: JHS Svendgaard Laboratories Approves Demerger Of Co's Retail Investment Division

JHS Svendgaard Laboratories

09/10/2020 10:33

Oct 9 (Reuters) - JHS Svendgaard Laboratories Ltd  JHSS.NS :
    * APPROVED COMPOSITE SCHEME OF ARRANGEMENT FOR DEMERGER OF
CO'S
RETAIL INVESTMENT DIVISION
    * APPROVED VESTING OF RETAIL INVESTMENT DIVISION WITH JHS
SVENDGAARD RETAIL VENTURES ON GOING CONCERN BASIS
    * APPROVED AMALGAMATION OF JHS SVENDGAARD BRANDS WITH CO
    * SHARE ENTITLEMENT RATIO FOR DEMERGER OF 1 SHARE IN JHS
SVENDGAARD RETAIL VENTURES FOR EVERY 10 SHARES IN CO
    * SHARE EXCHANGE RATIO FOR AMALGAMATION OF 150 SHARES IN JHS
SVENDGAARD BRANDS FOR EVERY 100 SHARES IN CO

Source text: (https://bit.ly/2FeK9MN)
Further company coverage:  JHSS.NS 

 ((Reuters.Briefs@thomsonreuters.com;))