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Cosmo First Limited M&A Activity 2020

Feb 24, 2020

62162_rns_2020-02-24_f50a1c8e-715a-4657-9d8a-7dd2d9310ed6.pdf

M&A Activity

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S.No. I Particulars Details
1. Name of the target entity, details in brief such "Cosmo Speciality Chemicals Private
as size, turnover etc. Limited" or any other name as may be
approved by the prescribed authority, at
the time of incorporation
2. Whether the acquisition would fall within The Company is proposed to be fanned
related party transactions and whether the as a Wholly-owned Subsidiary (WOS)
promoter/ promoter group/ group companies Company.
have any interest in the entity being
acquired? If yes, nature of interest and details
thereof and whether the same is done at
"arm's length"
3. Industry to which the entity being acquired Manufacturing and sale of
belongs Masterbatches and Coating Chemicals
4. Objects and effects of acquisition (including Manufacturing and sale of
but not limited to, disclosure of reasons for Masterbatches and Coating Chemicals
acquisition of target entity, if its business is
outside the main line of business of the listed
entity)
5. Brief details of any governmental or Approval is required from the Office of
regulatory approvals required for the the Registrar of Companies, Ministry of
acquisition Coq^orate Affairs, Government of India
6. Indicative tinie period for completion of the WO S will be incorporated within the
acquisition time as per Companies Act, 2013
7. Cost of acquisition or the price at which the Equity Shares will be subscribed at face
shares are acquired^ value
8. Nature of consideration - whether cash Equity Shares will be subscribed the
consideration or share swap and details of the Company at cash consideration.
same
9. Percentage of shareholding / control acquired Proposed new Company would be
and / or number of shares acquired WOS of the Company
10.1 Brief background about the entity acquired in Not Applicable
terms of products/line of business acquired,
date of incorporation, history of last 3 years
turnover, country in which the acquired entity
has presence and any other significant
infonnation (in brief)