Hubtown Limited — Capital/Financing Update 2018

Nov 14, 2018

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Regd. Office: ~Iaza Panchsheel, "A" Wing, 5th floor, Hughes Road, Behind Dharam Palace, Grant Road (West), Mumbai - 400007 INDIA Tel.. +91-22-67037400 • Fax: +91-22-67037403 • www.hubtown.co.in. • CIN:L45200MH1989PLC050688

November 14, 2018

The Corporate Relationship Department The Listing Department The National Stock Exchange of India Limited BSE Limited P. J. Towers, Dalal Street Exchange Plaza, Fort, Mumbai 400001 Bandra Kurla Complex Sandra (East), Mumbai 400051 I I Scrip Code:532799 Svmbol: HUBTOWN

Dear Sir,

Sub: Disclosure ursuant to Para A Obli ations and Regulations'}

We write to inform you pursuant to Para (A) (1) (ii) (a) of Part A of Schedule III to the Listing Regulations that the Company acquired on September 17,2018, 1,27,499 equity shares of the face value of RS.101- per share, in the share capital of E Commerce Magnum Solution Limited (E Commerce), constituting 51 % of the paid-up share capital of E Commerce, as per the details given in the prescribed format annexed hereto.

With the said acquisition, E Commerce became a subsidiary of the Company.

We request you to kindly take the aforesaid disclosure on your record.

Thanking you,

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----- Start of picture text ----- Yours faithfully,For Hubtown Limited::a~rAuthorised Signatory----- End of picture text -----

Encl: ala

Disclosure Pursuant to Regulation 30 read with Para A (1) of Part A of Schedule III to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

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----- Start of picture text ----- SRNo. PARTICULARS RELEVANT INFORMATIONa) name of the target entity, details in brief such as size, E Commerce Magnum Solutionturnover etc; limitedTurnover: Nilb) whether the acquisition would fall within related party Not Applicabletransaction(s)and whether the promoter/ promoter group/group companies have any interest in the entity beingacquired? If yes, nature of interest and details thereofand whether the same is done at "arms length";c) industry to which the entity being acquired belongs; Real Estated) objects and effects of acquisition (including but not Not Applicablelimited to, disclosure of reasons for acquisition of targetentity, if its business is outside the main line of business ofthe listed entity);e) brief details of any governmental or regulatory Not Applicableapprovals required for the acquisition;f) indicative time period for completion of the acquisition; 1i [h] September, 2018g) nature of consideration -whether cash consideration or Cash Considerationshare swap and details of the same;h) cost of acquisition or the price at which the shares are Rs.3,780/- per Shareacquired; Total Rs.48,19,46,220/-i) percentage of shareholding / control acquired and / or 51% of the Shareholdingnumber of shares acquired; 1,27,499 Equity Sharesacquiredbrief background about the entity acquired in terms Name: E Commerce Magnumj) of products/line of business acquired, date of Solution limitedincorporation, history of last 3 years turnover, country Date of Incorporation:in which the acquired entity has presence and any 21/10/1999other significant information (in brief); Place of Incorporation:Mumbai, Indialine of Business: Real EstateTurnover during last threeyears: Nil----- End of picture text -----