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| Exchange Received Time 18/10/2017 19:03:31 Exchange Disseminated Time 18/10/2017 19:03:34 Time Taken 00:00:03 | We wish to inform that the Company has acquired (i) 1,75,676 (26% of total share capital of the Anant Raj Projects Limited) equity shares at a price of Rs. 2,258/- each (ii) 6,37,964 compulsorily convertible preference shares at a price of Rs. 2,258/- each and (iii) 37,59,459 fully convertible debentures at a price of Rs. 110.94/- each of Anant Raj Projects Limited, a subsidiary of the Anant Raj Limited (Company), from Lalea Trading Limited,cyprus for a total consideration aggregating to Rs. 22,542.73/- lakhs.
The Anant Raj Projects Limited will become wholly owned subsidiary of the Company.
As required under Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015, the requisite information in respect of acquisition from Lalea Trading Limited is enclosed herewith as Annexure - I.
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