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BSE Limited — Capital/Financing Update 2023
Nov 20, 2023
60293_rns_2023-11-20_0431b1d1-d724-4ae9-adc9-47206f015bed.pdf
Capital/Financing Update
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November 20, 2023
To,
The Listing Department
National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 051
Symbol: BSE
ISIN: INE118H01025
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Further investment in India International Clearing corporation (IFSC) Limited (India ICC)
Dear Sir/Madam,
In continuation to our intimation dated November 10, 2023, informing further investment in India International Exchange (IFSC) Limited (India INX) and India International Clearing corporation (IFSC) Limited (India ICC), we wish to inform that BSE limited (‘the Company’) will be investing an additional amount of ₹ 78,57,142/- (Rupees Seventy Eight Lakhs Fifty Seven Thousand One Hundred And Forty Two) in India ICC by subscribing to the unsubscribed portion of their rights issue.
Details required as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1 /P/CI R/2023/123 dated July 13, 2023 are enclosed as Annexure - A . This is for your information and record.
The intimation is also available on the Company’s website www.bseindia.com
We request you to kindly take the above on record.
Thanking you,
Yours faithfully,
For BSE Limited
VISHAL Digitally signed by VISHAL KAMALAKSHA KAMALAKSHA BHAT Date: 2023.11.20 17:53:08 BHAT +05'30' Vishal Bhat Company Secretary and Compliance Officer
Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: [email protected] www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188
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Annexure – A
(Disclosure under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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PARTICULARS INDIA INTERNATIONAL CLEARING CORPORATION (IFSC)
LIMITED
Name of the Target en�ty and India International Clearing corporation (IFSC) Limited is an
details of the Target en�ty (Size unlisted public company with turnover of ₹ 1,29,993 as on March
& turnover, etc) 31, 2023.
Industry to which the en�ty Recognized Clearing Corporation in Gift IFSC.
being acquired belongs
Whether the acquisi�on would The current investment falls under the purview of the transac�on
fall within related party with related par�es and the transac�on is at arm’s length.
transac�on(s) and whether the
promoter/promoter group/ No, the company does not have any promoter or promoter
group companies have any group.
interest in the en�ty being
acquired? (if yes, nature of
interest and details thereof and
whether the same is done at
“arm’s length”)
Objects and Impact of the Investment in the equity shares of a subsidiary for its growth. The
acquisi�on Company’s shareholding post this investment will change to
(including but not limited to, 60.53%.
disclosure of reasons for
acquisi�on of target en�ty, if its
business is outside the main line
of business of
the listed en�ty);
Brief details of any governmental The Securities Exchange Board of India (SEBI) approval vide
or regulatory approvals SEBI/HO/MRD/RAC2/P/OW/2023/41900/1 dated October 11,
2023.
Indica�ve �me period for The allotment shall be completed tenta�vely by November 22,
comple�on of the acquisi�on; 2023.
Nature of considera�on - Cash Consideration
whether cash considera�on or
share swap and details of the
same
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Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: [email protected]
www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188
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| PARTICULARS | INDIA INTERNATIONAL CLEARING CORPORATION (IFSC) LIMITED |
|---|---|
| Cost of acquisi�on and/or price at which shares are acquired |
₹ 78,57,142/- (Rupees Seventy Eight Lakhs Fifty Seven Thousand One Hundred And Forty Two) towards subscription of 78,57,142 equity shares of face value ₹ 1/- each fully paid up. |
| Percentage of shareholding / control acquired and / or number of shares acquired; |
78,57,142 equity shares of Re. 1/- each to be acquired. Percentage of shareholding post-acquisition- 60.53% . |
| Brief background about the en�ty acquired in terms of products/line of business acquired, date of incorpora�on, history of last 3 years turnover, country in which the acquired en�ty has presence and any other signifcant informa�on (in brief) |
India International Clearing Corporation (IFSC) Limited is a public limited company incorporated on September 12, 2016, which has its registered office at GIFT City, Gandhinagar, Gujarat, India. It is a recognized clearing corporation operating in IFSC and regulated by International Financial Services Centers Authority (IFSCA). Turnover: FY 20-21 Rs. 82,888 FY 21-22 Rs. 120,486 FY 22-23 Rs. 1,29,993 |
Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai - 400 001, India. T: +91 22 2272 1234/33 | E: [email protected] www.bseindia.com | Corporate Identity Number: L67120MH2005PLC155188