Elgi Equipments Ltd. — M&A Activity 2019

Dec 19, 2019

BSELIMITEDPHIROZE JEEJEEBHOY TOWERSDALAL STREETMUMBAI - 400001	NATIONAL STOCK EXCHANGEOFINDIALIMITED"EXCHANGE PLAZA"BANDRA KURLA COMPLEXBANDRA(E)MUMBAI-400051
ScripCode: 522074	ScripCode: ELGIEQUIP

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AnnexureI -DetailsoftheTNameofthe Target entity, das size, turnover etc.	AnnexureI -DetailsoftheTNameofthe Target entity, das size, turnover etc.	AnnexureI -DetailsoftheTNameofthe Target entity, das size, turnover etc.	arget Entity:	arget Entity:	arget Entity:
		Nameofthe Target entity, das size, turnover etc.	etailsinbriefsuch	Elgi Compressors Iberia SL, Spain.1. Share capital: 3,000Euro2.Turnover: Nil (asyettostartbusinessoperations)
		Whethertheacquisitionwouldfallwithinrelatedpartytransactionsandwhetherthepromoter/ promotergroup/groupcompanieshaveanyinterestinthe entitybeing acquired		Theinitial subscription to the subsidiarymentioned above doesnotfallwithinrelatedpartytransaction
		Industryto which the entity being acquiredbelongs		Aircompressors
		Objectsandeffects of acquisition (includingbutnotlimitedto, disclosureofreasons foracquisition of target entity,ifits business isoutside themainline of businessofthe listed		Elgi Compressors Iberia SLisincorporatedasastepdownsubsidiary for thepurposeofaircompressor distribution, sales, maintenanceandservicesThebusiness ofthestepdownsubsidiarycompanyisinlinewiththemainbusinessactivitiesofthe Company.
		entity)		Thebusiness ofthestepdownsubsidiarycompanyisinlinewiththemainbusinessactivitiesofthe Company.
		Brief details ofanygovernmentalorregulatory approvals required fortheacquisition		The subsidiary companyisregisteredwiththMercantile Registry,Spain(Registro MercantiCentral)	el
		Indicative time period for completionoftheacquisition		Incorporation completed
		Natureof consideration - whethercashconsiderationorshareswapanddetailsofthesame		Cash consideration
		Costof acquisitionorthe priceatwhichtheshares are acquired		3,000 Euro (equivalenttoINR 2.38lakhs)
		Percentageofshareholding / control acquiredand/ornumberof shares acquired		100%heldbyElgi CompressorsEuropeSRL (wholly ownedsubsidiaryoftheCompany)	a
		Brief backgroundaboutthe entity acquiredintermsofproducts/ lineofbusiness acquired,dateofincorporation, historyoflast 3 yearstu.mover, country in which the acquired entityhaspresenceandany other significantinformation		Elgi Compressors Iberia SL is incorporatediSpainandregisteredwithMercantile RegistrSpainandyetto commence its busineoperations.	ny,ss