Change in KIRLOSKAR BROTHERS INVESTMENTS LTD no dealings date

Change in KIRLOSKAR BROTHERS INVESTMENTS LTD. no dealings date

In the De-Merger of KIRLOSKAR BROTHERS INVESTMENTS LTD.  (KBIL)  . No dealings date has been fixed as Thursday 9th July, 2015. 

Those who ever buys KBIL shares on or before Wednesday 8th July, 2015. will get De-Merger benefits .

Investors presently holding 5 shares of KBIL will get 5 shares of PNEUMATIC HOLDINGS LTD. and 76 shares of KIRLOSKAR OIL ENGINES LTD. 

At the closing price of Monday 6th July, 2015.The   5 shares of KBIL (At the Rate of Rs..4360, Per Share) will cost Rs.21,800 .

In the same way 76 Shares of KIRLOSKAR OIL ENGINES LTD. (At the Rate of Rs.286, Per Share) Will cost Rs.21,736.

Now, Both values are the same , you will get 5 shares of PNEUMATIC HOLDINGS LTD. as free . The value of 5 shares of PNEUMATIC HOLDINGS LTD. will be ascertained on Listing.

The existing KIRLOSKAR BROTHERS INVESTMENTS LTD. company will stands dissolved.

The benefit will be approximately around 10% of the Investment.