Notifications, Scrip Scan

Daily Notifications as on 22nd May, 2020

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

Daily Notifications as on 22nd May, 2020

1. Scrip code : 540153
Name : Endurance Technologies Limited
Subject : Acquisition Of Grimeca Srl By Endurance Adler Spa., Step-Down Subsidiary Of Endurance Technologies Limited
Endurance Adler SpA, Italy (EA SpA), step-down subsidiary of the Company and a direct subsidiary of Endurance Overseas Srl, Italy has acquired 100% stake in Grimeca Srl (Grimeca), Italy, with an effective date of 21/05/2020. Grimeca is an advanced service company involved in designing & developing new braking products for motorcycle & light-vehicles, including ‘co-design’ with OEM customers. It has been a technology provider for braking solutions to the Company since 2015. The acquisition has been completed for a consideration of Euro 2.25 million, which includes Euro 0.9 million for the 100% stake in Grimeca and Euro 1.35 million for technical know-how & intellectual property rights of braking systems & chassis components, and the ‘G Grimeca’ brand. This acquisition is expected to provide impetus to the growth opportunities for the Company’s braking business in India, both for domestic and export markets.

2. Scrip code : 532783
Name : LT Foods Limited
Subject : Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
This in furtherance to the last intimation sent to the Stock Exchanges dated 13th February 2020, wherein we have informed that LT Foods Limited has entered into a shareholder’s agreement (‘SHA’) with United Farmers Investment Company (‘Investor’) – a subsidiary of Saudi Agricultural & Livestock Investment Company (‘SALIC’), i.e owned by the Public Investment Fund of the Kingdom of Saudi Arabia, in connection with the acquisition by the Investor of 29.91% stake held by India Agri Business Fund Ltd and Real Trust (collectively the ‘Existing Shareholders’) in Daawat Foods Limited (‘DFL’) – a majority owned subsidiary of the Company. In accordance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that the Investor has completed its acquisition of the 29.91 % stake held by the Existing Shareholders in DFL for an aggregate consideration of $ 17.23 million.

3. Scrip code : 541556
Name : RITES Limited
Subject : Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 – Signing Of Shareholders’ Agreement
This is with reference to our earlier intimation dated 27.12.2019 with respect to acquisition of 24% stake in Indian Railway Stations Development Corporation Limited (IRSDC). In this regard, we would like to inform that company has executed Shareholders’ Agreement on May 21, 2020, with IRCON International Limited and Rail Land Development Authority being other parties. The disclosure required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are given in the enclosed annexure.

4. Scrip code : 950380
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
We attach a copy of the media release, titled ‘KKR TO INVEST ? 11,367 CRORE IN JIO PLATFORMS’ issued by the Company.

Excerpts from Gaurav’s Blog

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