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| Exchange Disseminated Time | With reference to the earlier announcement dated April 16, 2013 regarding Acquistion of Shares, Associated Alcohols & Breweries Ltd
has now informed BSE regarding the Revised announcement about the Acquisiton of Shares.
"the Company has acquired 136,330 Equity Shares of M/s. Vedant Energy Private Limited.
M/s. Vedant Energy Private Limited has been awarded LOI for setting up of Distillery unit in Madhya Pradesh. The said acquisition will be help full for consolidation of the Company's position in the Industry.
The Board considered that in view of the holding of 51% Equity Shares of Rs. 10/- each by the Company has become holding Company (Listed) and M/s. Vedant Energy Private Limited has become subsidiaty of Listed Company resulting it is categorized as a public limited company and all the provisions of limited Company would be applicable as to the private limited company which is a subsidiary of the public limited company." |
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