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| Exchange Received Time 11/12/2017 16:28:40 Exchange Disseminated Time 11/12/2017 16:28:48 Time Taken 00:00:08 | This is with reference to the Press Release dated 8th August, 2013 issued by the Company, wherein it was informed that the Company had acquired 51% stake in the kitchen solution provider company, Sleek International Private Limited (Sleek), from the Ahuja family (Rajesh Ahuja, Monesh Ahuja, Thakur Ahuja and Jyoti Ahuja) by entering into a Shareholders Agreement with the Ahuja family and Sleek.
It is informed that the Company, today, has purchased the balance stake (49% of the share capital) in Sleek from the Ahuja Family and the Shareholders Agreement dated 8th August, 2013 with the Ahuja Family has been terminated. Sleek has now become a wholly owned subsidiary of the Company.
Enclosed as Appendix A is the information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
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