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Atul Limited. M&A Activity 2021

Mar 13, 2021

60221_rns_2021-03-13_13d10bbf-03c3-46a6-8378-368c9af67d0e.pdf

M&A Activity

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a) nameofthetargetentity, details in briefsuch as size,turnoveretc.; Atul Lifescience Ltd (ALSL)Authorised - ~50,000Paid up capital- amountisyet to be investedTurnover- NIL (yettocommence businessoperations)
b) whetherthe acquisitionwouldfallwithinrelatedpartytransaction(s)andw hetherthepromoter/promotergroup/groupcompanieshaveanyinterest in theentitybeing acquired? If yes, natureofinterestanddetailsthereofandw hether the sameisdoneat"arm'slength"; It is a related party.PromoterIpromotergroupIpromoter groupcompanies have nointerest in theabove.
c) industrytowhich the entity being acquiredbelongs;objectsandeffectsofacquisition (includingbut not limited to,disclosureofreasonsforacquisitionoftargetentity,ifits business is Lifescience Chemicals and APls.
d) ManufacturingofLifescience Chemicals andAPis.

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e)f) outside themainlineofbusinessofthelisted entity);
brief detailsofanygovernmentalorregulatoryapprovals requiredfortheacquisition; None
indicativetimeperiodforcompletionoftheacquisition; Notapplicable
g) natureofconsideration - whethercashconsiderationorshareswapanddetailsofthe same; Cash consideration
h) costofacquisitionorthe priceatwhichtheshares are acquired; Amountisyettobeinvested
i) percentageofshareholding_I_controlacquiredand_I_ornumberofsharesacquired; 100%
j) brief backgroundabouttheentityacquiredin termsofproducts/lineofbusinessacquired, dateofincorporation, historyoflast3 yearsturnover,country inwhichtheacquiredentityhaspresence andanyother significantinformation(inbrief); Subjecttorequired approvals, ALSLwillundertakenewprojectofaround~104erbyacombinationofdebtand capitalforAPIintermediates.Last 3 years Turnover- nilCountry:India