Dishman Carbogen extends due date for transfer of Identified Disinfectant Undertaking Invisible Biotech from Oct 1

The company will issue equity shares of the face value of Rs10 each at a premium to be determined based on the tax net-worth of the undertaking as on the effective date transfer of undertaking.

Jul 02, 2021 11:07 IST India Infoline News Service

Dishman Pharmaceuticals
Dishman Carbogen Amcis Limited Board of Directors has decided that the transfer of Identified Disinfectant Undertaking (IDU) to its wholly-owned subsidiary viz. Invisible Biotech Ltd shall take effect from October 1, 2021, instead of July 1, 2021.

The company on May 21, 2021, had informed that the Board of Directors of the Company had, inter alia, approved the transfer of Identified Disinfectant Undertaking, on a going concern basis, to Invisible Biotech and the said transfer was proposed to take effect from July 1, 2021.

As consideration for acquisition of undertaking, Invisible Biotech will issue equity shares of face value of Rs10 each at premium to be determined based on the tax net-worth of the undertaking as on the effective date transfer of undertaking.

At around 11.05 am, Dishman Carbogen Amcis Ltd was trading at Rs218.45 per piece up by Rs4.55 or 2.13% from its previous closing of Rs213.90 per piece on the BSE.

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