5paisa Capital Ltd - 540776 - Board Meeting Outcome for Intimation Of The Outcome Of The Meeting Of The Board Of Directors Of 5Paisa Capital Limited ('Company' Or 'Resulting Company') Held On December 06, 2022
In compliance with Regulation 30 read with Schedule III of the Listing Regulations, we wish to inform that the Board of Directors of the Company ('the Board') at its meeting held today, i.e. December 06, 2022 has considered and approved the Scheme of Arrangement between IIFL Securities Limited ('Demerged Company') and the Company and their respective shareholders and creditors ('Scheme'), which inter alia provides for the demerger, transfer and vesting of the Online Retail Trading Business of the Demerged Company (the Demerged Undertaking (as defined in the Scheme)) into the Company, on a going concern basis and in consideration thereof, the Company shall issue its equity shares to the shareholders of the Demerged Company which shall be listed on BSE Limited and the National Stock Exchange of India Limited (collectively referred to as 'Stock Exchanges').06-12-2022