Leading Power firm, Torrent Power has said that it has fixed October 15, 2015 as the record date for the purpose of determining the name of shareholders of Torrent Cables Limited (TCL).
"The shareholders will be entitled to receive 19 (Nineteen) equity shares of face value of Rs. 10/- at par each fully paid-up of Torrent Power Limited for every 20 (Twenty) equity shares of face value of Rs. 10/- each fully paid-up held in Torrent Cables Limited pursuant to the Composite Scheme of Amalgamation of Torrent Energy Limited ("Transferor Company-1") and Torrent Cables Limited ("Transferor Company-2") with Torrent Power Limited ("Company" or "Transferee Company") and their respective shareholders and creditors ("the Scheme")," the company informed in a filing to the Bombay Stock Exchange.
Meanwhile, shares of the company were trading at Rs 183.40 a piece, up 2.29 per cent from the previous close at 10:29 hours on BSE.
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