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| Exchange Received Time 29/09/2018 21:53:06 Exchange Disseminated Time 29/09/2018 21:53:12 Time Taken 00:00:06 | Nitesh Office Parks Private Limited (Formerly known as Kakanad Enterprises Private Limited) (NOPPL) was a wholly owned subsidiary of the Company. The Company holds 49,999 shares of NOPPL out of previous total paid up share capital of 50,000 shares.
In accordance with the provision of Companies (Amendment) Act, 2017, Nitesh Office Parks Private Limited had made private placement offer to the Investor to raise funds for the operations and has allotted 210,000 shares to the investor on September 29, 2018.
Accordingly the shareholding percentage of Nitesh Estates Limited in NOPPL is reduced to 19.23%; consequently Nitesh Office Parks Private Limited is no longer a subsidiary of the Company with effect from September 29, 2018. |
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