AstraZeneca Pharma India record date for bonus debentures

AstraZeneca Pharma India Ltd has informed that the Company has fixed January 11, 2008 as the Record Date for determining entitlement to the issue of 8% secured fully paid redeemable non-convertible bonus debentures from General Reserve of the Company (Bonus debentures) pursuant to Scheme of Arrangement filed with the High court of Karnataka ('Scheme').

The Company has informed that consequent to the Order of the High Court of Karnataka sanctioning the Scheme of Arrangement, the Company has now received the no-objection from the Reserve Bank of India (RBI) to the issue.

Accordingly, in terms of the Scheme, the Company would be initiating further steps for issuance of Bonus Debentures aggregating to Rs 62.50 crores, in the ratio of one debenture of the face value of Rs 25/- each for every equity share held by the shareholders as on the Record Date, redeemable at the end of 12 months from the date of allotment.