Otis Elevator Co Limited - Capital Reduction
The company in its meeting on 23rd July, 2024 proposed to reduce the equity share capital where the Non-Promoter shareholding will be extinguished as under:
Capital Structure – Pre and Post reduction of capital
Shareholding Pattern – Pre and Post reduction of capital
Price Offered -The Company has opted for the value of ₹4,311.6 (Indian Rupees Four Thousand Three Hundred Eleven and Sixty Paise Only) as the basis for determination of the exit consideration.
Effective Date of Capital Reduction – After the shareholders have passed the resolution, the Company would approach the Tribunal, for passing an order confirming the Capital Reduction.
