Ashok Leyland Ltd. — M&A Activity 2019

Feb 4, 2019

Information of such events&No.1.2.Details of the Eventb. whether the promoter/ promotergroup/ group companies have anyinterest in the entity being acquiredName of the Target entity, details inbrief such as size, turnover etc.a. whether the acquisition would fallwithin related party transaction(s)Noc. If yes, nature of interest and detailsthereof and whether the same isAshley Aviation Limited (AAL)Revenue as on March**31,2018: Rs.962.19LakhsNot applicable-3.4.acquisitionIndicative time period for completion The Company has completed acquisition of allof the acquisitionthe equity shares held by individuals in AALonFebruary4,2019.Nature of consideration-whether Cashcash consideration or share swap anddetails of the sameCost of acquisition or the price at Rs.22.95Lakhs5.Iwhich the shares are acquireddone at "arm's length"Industry to which the entity beingacquired belongsObjects and effects of acquisition(includingbutnotlimitedto,disclosure of reasons for acquisitionof target entity, if its business isoutside the main line of business of/X.-Aviation sectorThe Company owns88.75%of the paid-upshare capital of AAL.Now the Companyacquired the balance11.25%of AAL thusmakingita100%**wholly owned subsidiary ofthe Company.the listed entity)Brief details of any governmental orregulatory approvals required for theThe Company has obtained the approval ofthe Ministry of Civil Aviation.	No.1.Details of theName of the Tbrief such as si	Information of such eventsEvent
						ed (AAL) 31,2018: Rs
		arget entity, dze, turnover etc	etails in.	Ashley AviatRevenue asLakhs	ion Limiton March		.962.19
	2.a. whether the	acquisition w	ould fall	Not applica	ble
	within relate	d party transac	tion(s)
	b. whether th	e promoter/ p	romoter	No

S.No.	Details of the Event	Information of such events
9.	Percentage of shareholding/ control	11.25% of the total paid-up capital ofAAL.
10	acquired and /or number of sharesacquiredBrief background about the entityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 years	AALis engaged in the business of aviationsector. The audited financials of the lastthree years are given below:ltaxll**Fy**LakhI
	turnover,country in which the	ParticularsFY
	acquired entity has presence and any	2015-162016-172017-18
	other significant information (in brief);	Revenue1046.191089.74962.19
		Loss after(137.19)(123.30) (336.18)