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Adani Enterprises Ltd. — Capital/Financing Update 2021
May 26, 2021
61303_rns_2021-05-26_fbb03507-843c-4782-aea9-a429b4516977.pdf
Capital/Financing Update
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| Sr.No. | Particulars | Details |
|---|---|---|
| a) | Nameofthetargetentity, detailsinbriefsuchassize,turnoveretc. | MahanadiMinesandMineralsPrivate Limited**("MMMPL")**i)AuthorizedShare Capital:Rs.10,00,000/- (Rupees Ten LakhOnly).ii)Paid-UpShareCapital:Rs.5,00,000/- (Rupees Five LakhOnly).iii) Turnover: Nil (yet to commencebusiness operations) |
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| Sr.No. | Particulars | Details |
|---|---|---|
| b) | Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshave anyinterestintheentitybeing acquired?Ifyes,natureofinterestand detailsthereofandwhetherthe sameisdoneat"arms length". | N.A. |
| c) | Industrytowhichtheentitybeingacquiredbelongs | MMMPLisyetto commence itsbusiness operations. |
| d) | Objectsandeffectsofacquisition/incorporation(includingbutnotlimited to,disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessisoutside the main lineofbusinessofthe listedentity) | To own. develop and operate minesofvarious minerals. |
| e) | Briefdetailsofany governmentalorregulatoryapprovals requiredfortheacquisition. | N.A. |
| f) | Indicativetimeperiodforcompletionofthe acquisition | N.A. |
| g) | Natureofconsideration -whethercash consideration or share swapanddetailsofthe same; | Cash |
| h) | Costofacquisitionor the priceatwhichtheshares are acquired; | Rs.5,00,000/-(50,000EquitySharesofRs.10 each) |
| i) | Percentageofshareholding_I_controlacquired and /ornumberofshares acquired; | 100% |
| j) | Briefbackgroundabouttheentityacquiredin termsofproducts/lineofbusiness acquired,dateof | MMMPLisincorporatedin India andregisteredwiththe RegistrarofCompanies, GujaratatAhmedabad |
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| Sr.No. | Particulars | Details |
|---|---|---|
| incorporation,historyoflast3yearsturnover,countryinwhichtheacquiredentityhas presenceandanyothersignificantinformation(in brief); | on25thMay, 2021 and isyettocommenceitsbusiness operations. |
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