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Atul Limited. Capital/Financing Update 2019

Jan 9, 2019

Capital/Financing Update

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	under:
..	a)nameofthetargetentity,detailsinbriefsuchassize,tumoveretc.;	AtulBioscienceLtd(ABL)2017-18Turnover:~79.00croresNet profit:~9.28 crores
	b)whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?Ifyes,natureofinterestanddetailsthereofandwhetherthesameisdoneat"arm'slength";	ABLbeingawhollyownedsubsidiaryofAtulLtdisarelatedpartyofAtulLtd.PromoterIpromotergroupIpromotergroupcompanieshavenointerestintheabovetransaction.Thetransactionisatarm'slengthbasis.EquityshareofRs10eachisvaluedat22pershareincludingpremiumof12persharewhichisafairvalue.
	c)industrytowhichtheentitybeingacquiredbelongs;	Notacquisitionbutonlyfurtherinvestmentinequitycapitalofanexistingwhollyownedsubsidiarycompany._

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	Atul Ltd	Atul Ltd
	Atul396020, Gujarat, India
	E-mail: [email protected]: www.atul.co.in
	Telephone:(+912632)230000J3261
d)	objectsandeffectsofacquisition	TheobjectofinvestmentinABListo
	(includingbutnotlimitedto,disclosure	meetfundingrequirementsforits
	ofreasonsforacquisitionoftarget	variouscapitalexpenditure		programs.
	entity,ifitsbusinessisoutsidethe
	mainlineofbusinessofthelisted
	entity);
e)	briefdetailsofanygovernmentalor	None
	regulatoryapprovalsrequiredforthe
	acquisition;
f)	indicativetimeperiodforcompletionof	January09,2019
	theacquisition;
g)	natureofconsideration- whethercash	Cashconsideration
	considerationorshareswapanddetails
	ofthesame;
h)	costofacquisitionorthepriceatwhich	~22pershare(includingpremiumof
	the sharesare acquired;	~12pershare)
i)	percentageofshareholding_j_control	ABLwasandremains		a100%
	acquiredand_j_ornumberofshares	subsidiaryofAtulLtd- bothbeforeand
	acquired;	afterthesaidinvestment
j)	briefbackgroundabouttheentity	Noentitybeingacquired.		ABLisan
	acquiredintermsofproducts/lineof	existingwholly	owned	subsidiary
	businessacquired,dateof	companyofAtulLtd.
	incorporation,historyoflast3years
	turnover,countryinwhichtheacquired
	entityhaspresenceandanyother
	significantinformation(in brief);