Adani Enterprises Ltd. — M&A Activity 2018

Dec 13, 2018

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Sr.No.	Particulars		Details
a)	Nameofthetargetentity,details inbriefsuchassize,turnoveretc.		Alpha Design Technologies PrivateLimited("ADTL"),Consolidated RevenueRs.218 Crore in FY18.Consolidated PATRs.8.40Crore in FY18.
b)	Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s) andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?Ifyes,natureofinterestand detailsthereofandwhetherthe sameisdoneat"arms length".		No
c)	Industrytowhichtheentitybeingacquired belongs		Aerospace 8 Defence
d)	Objectsandeffectsofacquisition(includingbutnotlimitedto, disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessisoutsidethemainlineofbusinessofthelistedentity)		Alpha Design Technologies provides AdaniDefence 8 Aerospace a strong Tier-Icapabilityforbuilding a baseforgraduatingtoplatformcapabilities.

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Sr.No.	Particulars	Details
e)	BriefdetailsofanygovernmentalOfregulatoryapprovalsrequiredfortheacquisition.	NotApplicable
f)	Indicativetimeperiodforcompletionoftheacquisition	Completed
g)	Natureofconsideration-whethercash consideration orshare swap and detailsofthesame;	Cash
h)	Costofacquisitionor the priceatwhichthesharesareacquired;	Rs.400/- Crores
i)	Percentageofshareholding_I_controlacquiredandIOfnumberofshares acquired;	1,33,16,909 Equity SharesofRs.10/- eachatapremiumofRs.290.37/-pershareaggregating toRs.400Crores
j)	Briefbackgroundabouttheentityacquiredintermsofproducts/lineofbusinessacquired,dateofincorporation,historyoflast 3 years turnover,countryinwhichtheacquiredentityhas presence and anyothersignificantinformation(inbrief);	1.2.3.4.ADTL Established in2003forthedesign,developmentandmanufactureofdefenceelectronics and avionics.KeyBusinessAreas-DefenceElectronics,Avionics,Aero-structureAssemblies, Space and Satellite Systems,Simulators etc.Key Customers- Global OEM's, DPSU'sandResearchEstablishment[DRDOetc.], Indian Armed Forces,ISROetc.Consolidated Turnover:a.2017-18- Rs.218Croreb.2016-17- Rs.210Crorec.2015-16**-Rs.419Crore**

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