Selective Capital Reduction definition

Selective Capital Reduction means the selective capital reduction of 21,442,343 (Twenty-One Million Four Hundred and Forty Two Thousand Three Hundred and Forty Three) fully paid-up Shares held by the Trust for nil consideration.
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Selective Capital Reduction means:
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Selective Capital Reduction means the selective capital reduction of 1,22,57,688 fully paid-up Equity Shares held by the Trust for nil consideration. “Shares” shall mean the equity shares of par value INR 10/- (Indian Rupees Ten) in the equity share capital of the Company.
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Examples of Selective Capital Reduction in a sentence

  • Payment to the GEH Group Companies pursuant to the Selective Capital Reduction has been made today.

  • However, if following the date hereof, Verigy reasonably determines that it does not wish to pursue either or both of the Holdco Reorganization or the Selective Capital Reduction, Verigy shall consult with LTX-Credence regarding the reasons for such determination and thereafter Verigy may withdraw or abandon such transaction(s) with the prior written consent of LTX-Credence, which shall not be unreasonably withheld, conditioned or delayed.

  • JPMorgan announces, for and on behalf of OCBC Bank, that the copy of the Order of Court confirming the Selective Capital Reduction was lodged with the Registrar of Companies and Businesses of Singapore today.

  • Further details of the CML Disposal and Selective Capital Reduction are set out in the announcement of CMBL of today's date.

  • As of the date hereof, Verigy’s Board of Directors and Holdco’s Board of Directors have each approved the Holdco Reorganization and the Selective Capital Reduction, and each intends to effect both such transactions.

  • Accordingly, the Selective Capital Reduction has become effective today.