Corporate Announcement
Security Code : 500126    Company : PGHL    
 
Announcement under Regulation 30 (LODR)-Change in Management ControlDownload PDF Download XBRL
  Exchange Received Time  19/04/2018 10:17:09         Exchange Disseminated Time   19/04/2018 10:17:14              Time Taken   00:00:05
This is for the information of all concerned that Merck KGaA, Germany, the ultimate holding Company of the Company has announced that it has signed a share purchase and asset sale agreement Procter & Gamble Overseas India B.V. (Acquirer), together with The Procter & Gamble Company (PAC) in its capacity as a person acting in concert with the Acquirer wherein it is proposed that the Acquirer shall purchase from Emedia Export Company MBH, Merck Internationale Beteiligungen GmbH, Chemitra GmbH (the Sellers) 8,599,224 (Eight Million Five Hundred Ninety Nine Thousand Two Hundred Twenty Four) equity shares of face value INR 10 (Indian Rupees Ten only) each of the Company, which constitutes 51.80% of the fully diluted voting equity share capital of the Company.

Copy of a press release issued by Merck KGaA in this respect is attached herewith.
 

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