Vijaya Diagnostic Centre Distributes Proceeds from Fractional Entitlements Related to Amalgamation Scheme
Vijaya Diagnostic Centre Limited (VDCL) has completed the distribution of net sale proceeds derived from fractional entitlements generated during its amalgamation scheme with Medinova Diagnostic Services Limited (MDSL). The process followed the approved scheme sanctioned by the National Company Law Tribunal, Hyderabad bench.The fractional entitlements arose from the allotment of equity shares of VDCL to shareholders of MDSL. As part of this scheme, the equity holders of MDSL were entitled to 1 equity share of VDCL for every 22 equity shares held in MDSL. These fractional entitlements, which amounted to 3,914 equity shares of VDCL (face value INR 1), were sold on June 22, 2026.
Financial Details of Fractional Entitlements Sale
VDCL successfully disposed of the fractional holding. The proceeds generated from the sale, after deducting applicable expenses and taxes, totaled INR 51,84,902.83.The financial details of the sale are presented below:
| Metric | Value |
|---|---|
| Number of VDCL equity shares sold | 3,914 |
| Average selling price per share | INR 1,328.027 |
| Gross proceeds generated | INR 51,97,897.68 |
| Total Deductions (expenses and taxes) | INR 12,994.85 |
| Net sale proceeds | INR 51,84,902.83 |
Distribution of Proceeds
The net sale proceeds were distributed to the eligible shareholders according to their fractional entitlements. VDCL disbursed payments through banking mode on August 05, 2026.Details regarding the distribution and outstanding amounts are as follows:
| Particulars | Amount (in INR) |
|---|---|
| Total Eligible Shareholders | 51,84,902.83 |
| Amount paid to eligible shareholders | 14,99,575 |
| Funds maintained in escrow account (due to unavailability of bank details for certain shareholders) | 36,85,326.84 |
VDCL has committed to make every effort to trace and obtain the bank account information of the Eligible Shareholders whose amounts were placed in an escrow account with HDFC Bank. The company further stated that if these accounts remain untraceable after seven years, the unpaid amount shall be transferred to the Investor Education and Protection Fund.
VIJAYA Stock Price Movement
As of 12:04 PM, shares of Vijaya Diagnostic Centre Limited are shedding value in live trading, currently standing at ₹1360.4 after dipping by 0.69%. The stock has seen significant activity today, trading within an intraday range from a low of ₹1342.6 to a high of ₹1433, with over 470,612 shares recorded in trade.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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