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Emami Ltd Capital/Financing Update 2021
61637_rns_2021-11-02_7ed1852c-4d94-4542-b7bf-35d2813bf132.pdf
Capital/Financing Update
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emaml limited
Date: 211<lNovember 2021
The Secretary The National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G. Block Bandra Kurla Complex, Bandra (E) Mumbai: 400051 Scrip Code: EMAMILTD
The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai: 400001 Scrip Code: 531162
Dear Sirs,
Re: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015
This is to inform you that the Company has subscribed Compulsory Convertible Preference Shares (CCPS) of Brillare Science Pvt Ltd(" the investee company"), the subsidiary company. Upon conversion of the said CCPS, company's stake would be 66.29% subject to achievement of agreed future performance of the investee company.
The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 alongwith is enclosed as Annexure -1.
Further, pursuant to Regulation 30(8) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 the enclosed Disclosures will be made available on the Company's website at: http://www.emamiltd.in/investor-info/
Kindly take the same on record.
Thanking you, Yours faithfully, For Emami Limited
L
A.ICJoshi Company Secretary & VP- Legal Encl. As above.
Annexure -1
Disclosure under sub-para (1) [i.e. Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
| SlNo | Particulars | |
|---|---|---|
| a | of the entity Name target |
Science Private Limited Brillare |
| b | the acquisition Whether fall within related would transaction(s) and party promoter/ whether the group/ promoter group have companies interest any being acquired? the entity in of interest If yes, and nature thereof whether details and "arms done the is at same length"; |
Subsidiary of Emami The is investee company a related Ltd, hence, the party. group/ promoter/ None of the promoter group entity. the companies have in interest any |
| c | Industry entity which the to acquired belongs; being |
Goods Moving Consumer Fast a professional beauty Ltd., Brillare Science Pvt care & body products offering skin, hair in company professional salon and home It owns for use. care Deep brand and Brillare Science Root |
| d | of Objects and effects acquisition |
holds 54.49% stake of Currently, Company the equity of CCPS Brillare. conversion into Post be stake Brillare would shares, Company's in achievement of agreed future (subject 66.29% to Company). performance of tl1e said Investee |
| e | Brief details of any governmental regulatory or approvals required for the acquisition; |
None |
regd. office : 687 anandapur e. m. bypass kolkata 70 ' -
phone: 91 33 6613 6264 lele fax: 91 33 6613 6600/6500 e-mail: [email protected]/[email protected] website: www.emamiltd.in CIN: L63993\NB1983PLC036030
ernaml limited
| f | period for Indicative time of the completion acquisition; |
March 2023 |
|---|---|---|
| g | of consideration Nature - whether cash consideration of details share and swap or the same; |
Shares) Equity Cash ( of CCPS into Conversion |
| h | of the acquisition Cost or which the shares price at are acquired; |
Shares Equity from CCPS Cost of conversion to of disclosed due been has not to reasons confidentiality. |
| I | shareholding of Percentage / acquired and / control or acquired; of shares number |
of shareholding of conversion Percentage upon achievement of (subject would be 66.29% CCPS to performance of the said Investee agreed future Com an |
| J | background Brief about the acquired of in entity terms products/line of business of acquired, date of last incorporation, history 3 years country in turnover, acquired the which entity has and other presence any significant (in information brief); |
Incorporated by Patel, Brillare Mr. Jigar is in 2015 for salon which professional beauty brand care a under 2 brands operates - Brillare Science • RootDeep • being business incorporation the the Prior to was partnership firm under the carried through on a of M/ style Brilla.re Science. and s. name good of omni-channel with mix It has presence products & offline channel. offline the In online are All the through professional and salons. sold in ingredients and products based natural are on Score" also "Nature mentions on some company of the products. 3 (three) financial of last Turnover years: Crore) (Rs Financial Amount Year in 9.76 2020-21 4.49 2019-20 2018-19 9.32 has the w.e.f 1st October 2021, investee company |
| of Emami Ltd become subsidi |