Notifications, Scrip Scan

Daily Bulletin (2nd July, 2019)

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Bulletin (2nd July, 2019)

There are no current notifications of our companies on this date
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190702-25

1. Scrip code : 535755
Name : Aditya Birla Fashion and Retail Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Dear Sir/ Madam, This is further to our letter dated June 10, 2019 wherein we had informed that the Board of Directors of the Company, at its meeting held on the same day, had approved entering into a Share Purchase Agreement (‘SPA’) with the existing shareholders of :- 1) Jaypore, a B2B entity which sells ethnic fashion merchandise under its own brand ‘Jaypore’ and of other third-party brands; and 2) TG Apparel, a B2C entity which retails ethnic fashion, both online and offline. The above acquisition was subject to receipt of closing conditions under the said SPA (signed on June 10, 2019). This is to update that the Board of the Company has today approved completion of acquisition of the business undertakings of Jaypore and TG Apparel as per the details given below, post completion of the Conditions Precedent under the SPAs. Pursuant to the above acquisition, Jaypore and TG Apparel have become wholly owned subsidiaries of the Company with immediate effect.

2. Scrip code : 522287
Name : Kalpataru Power Transmission Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Purchase of equity shares of Shree Shubham Logistics Limited

3. Scrip code : 500510
Name : Larsen & Toubro Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Dear Sir, Further to our letter dated March 18, 2019 informing about acquisition of shares of Mindtree Limited (Target Company), we wish to inform you that Larsen & Toubro Limited (‘the Company’) has today (i.e. on 2nd July, 2019) made payment of consideration to the shareholders of the Target Company who have tendered their shares in the Open Offer, in respect of the equity shares which have been accepted in the Open Offer and returned the equity shares which have not been accepted in the Open Offer to the demat accounts of the respective shareholders. The Offer opened on June 17, 2019 and closed on June 28, 2019. Consequent to the completion of the Open Offer, the shareholding of the Company in the Target Company, including the shares acquired under the Share Purchase Agreement and the Purchase Order, stands at 60.06% of the total paid-up equity share capital of the Target Company. Please take the same on record.

4. Scrip code : 533179
Name : Persistent Systems Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Ref: (i) Our earlier intimation regarding acquisition of Youperience GmbH, Germany vide letter no. NSE & BSE / 2019-20 / 28 dated June 25, 2019 (ii) Our earlier intimation regarding acquisition of Youperience Ltd., UK vide letter no. NSE & BSE / 2019-20 / 33 dated June 27, 2019 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Regulations’) and further to our above referred intimations, we wish to inform you that the necessary customary closing conditions in the above 2 (Two) acquisitions have been met by Persistent Systems Germany GmbH and Youperience GmbH, respectively on July 2, 2019. Consequently, we wish to confirm that the above 2 (Two) acquisitions have been completed and these transactions have been closed. Please acknowledge the receipt.

5. Scrip code : 503162
Name : Reliance Chemotex Industries Ltd.
Subject : Corporate Action-Intimation of Right issue Sub: Corporate update- Right Issue.
Ref: Reliance Chemotex Industries Limited, Scrip Code: 503162, Case no. 96184 Dear Sir/ Madam, With reference to the above subject we are hereby enclosing the Composite Application Forms , along with SEBI Approval Letter WRO/AKD/BJK/1366/1/2019 Dated 19 June, 2019 of Proposed Right Issue of Equity Shares of 38,16,818 of Face Value of Rs. 10/- each of Reliance Chemotex Industries Limited. You are requested to take the same on your records.

6. Scrip code : 540767
Name : Reliance Nippon Life Asset Management Limited
Subject : Open Offer
Morgan Stanley India Company Private Limited (“Manager to Open Offer”) has submitted to BSE a copy of announcement in terms of regulation 18(5) of the securities and exchange board of india (substantial acquisition of shares and takeovers) regulations, 2011, as amended, to the public shareholders of Reliance Nippon Life Asset Management Ltd (“Target Company”) This announcement (“Announcement”) is being issued by Morgan Stanley India Company Private Limited, the manager to the Open Offer (“Manager to the Offer”), for and on behalf of Nippon Life Insurance Company (“Acquirer”) in respect of the mandatory open offer (“Open Offer” or “Offer”) to acquire up to 13,82,35,223 (thirteen crores eighty two lakhs thirty five thousand two hundred and twenty three only) fully paid up equity shares of face value of INR 10 (Indian Rupees ten only) each (“Equity Shares”), representing 22.49% of the Expanded Voting Share Capital of Reliance Nippon Life Asset Management Limited (“Target Company”) at a price of INR 230 (Indian Rupees two hundred and thirty only) per equity share from the Public Shareholders, in terms of the Securities And Exchange Board of India (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”), as amended.

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