Notifications, Scrip Scan

Daily Notifications as on 5th May, 2020

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

Daily Notifications as on 5th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200505-34

1. Scrip code : 542651
Name : KPIT Technologies Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to aforesaid intimation for acquisition of majority stake in Vayavya Labs Private Limited (“VL”) and its shareholders and in terms of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that pursuant to the authority delegated by the Board of Directors, the Managing Director & CEO of the Company has modified terms of the acquisition in Vayavya Labs Private Limited as stated below. Accordingly, all other terms remaining unchanged following description as stated at Annexure A of earlier intimation dated 11th March, 2020 be modified and read as under: f. Indicative Time Period for completion of acquisition – The deal is expected to get closed by the fourth quarter of FY2021 vs first quarter of FY 2021 as intimated earlier.

Excerpts from Gaurav’s Blog

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