Grasim Industries Ltd — M&A Activity 2019

Mar 29, 2019

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Sr.No.	Particulars
a)	Name of the target entity, details in brief such as size,	Name of the Target Entity:
	turnover etc.;	Soktas India Private Limited
		("SIPL")
		Turnover:Rs. 186.17 Crore for FY
		2017-18
b)	Whether the acquisition would fall within related party	No
	transaction(s) and whether the promoter/ promoter
	group/ group companies have any interest in the entity
	being acquired? If yes, nature of interest and details
	thereof and whether the same is done at "arms length";
c)	Industry to which the entity being acquired belongs;	Manufacturing
d)	Objects and effects of acquisition (including but not	Objects and effects: Acquisition of
	limited to, disclosure of reasons for acquisition of target	SIPL is a compelling strategic fit,
	entity, if its business is outside the main line of business	and it will further strengthen the
	of the listed entity);	Company's leadership in the
		premium cotton and linen fabric
		market in India.
e)	Brief details of any governmental or regulatory approvals	No
	required for the acquisition;
f)	Indicative time period for completion of the acquisition;	Completed
g)	Nature of consideration - whether cash consideration or	Cash consideration
	share swap and details of the same;
h)	Cost of acquisition or the price at which the shares are	The agreed cost of acquisition is
	acquired;	upto Rs. 135.12 Crore.
i)	Percentage of shareholding / control acquired and / or	100% share capital
	number of shares acquired;
j)	Brief background about the entity acquired in terms of	Brief Background:
	products/line of business acquired, date of incorporation,
	history of last 3 years turnover, country in which the	Soktas India Private Limited (SIPL),
	acquired entity has presence and any other significant	incorporated on 15th February
	information (in brief);	2007, is in the business of
		manufacturing and the distribution
		of premium cotton fabrics.
		Turnover:
		FY 2017-18- Rs. 186.17 Crore
		FY 2016-17- Rs. 185.72 Crore
		FY 2015-16- Rs. 170.89 Crore
		....---.,
	Grasim Industries Limited
	Aditya Birla Centre, 'A' wing, 2ndFloor, S.K. Ahire Marg, Worli, Mumbai 400 030, India
	T: +91 22 6652 5000 / 2499 5000 I F: +91 22 6652 5114 /	2499 5114 til..
	E: grasim.cfd@adityabirla.comI W: www.grasim.comI CIN: L17124MP1947PLC000410 e."0