Ador Welding Limited Receives Trading Approval for 38 Lakh Equity Shares

Team Finance Saathi

04/Dec/2024

What's Covered under the Article:

Ador Welding Limited gets trading approval for 38,04,348 equity shares from NSE and BSE.
The shares were issued under the Scheme of Amalgamation with Ador Fontech Limited.
The approval enables Ador Welding to list the shares starting from December 4, 2024.

Ador Welding Limited has announced the receipt of trading approval from the National Stock Exchange of India (NSE) and BSE Limited for a total of 38,04,348 equity shares of face value Rs. 10 each. These shares were issued as part of the Scheme of Amalgamation between Ador Welding Limited and Ador Fontech Limited, wherein shareholders of Ador Fontech were allotted shares of Ador Welding in a ratio of 5 equity shares (Rs. 10 each) for every 46 fully paid-up equity shares (Rs. 2 each) held in Ador Fontech.

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The trading approval was granted by the stock exchanges on December 3, 2024, and the shares are now listed and admitted for trading, effective December 4, 2024. This update reflects a significant step in the successful amalgamation of both companies, streamlining the process of shares being listed and traded.

For detailed updates and announcements regarding the Scheme of Amalgamation, investors and stakeholders can visit the official website of Ador Welding Limited at https://www.adorwelding.com/amalgamation-of-ador-fontech-limited.

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Ador Welding Limited Receives Trading Approval for 38 Lakh Equity Shares

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