ITC Ltd — M&A Activity 2019

Nov 13, 2019

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		Annexure
SI.No.	Particulars	Disclosures
1.	Nameofthe target entity	DelectableTechnologiesPrivateLimited('Delectable')
2.	Whether the acquisition would·ranwithin related party transaction(s)and whether the promoter/promotergroup/group companies have anyinterest in the entity being acquired?Ifyes, natureofinterest and detailsthereof and whether the sameisdoneat 'arm's length'	No
3.	Industry to which the entity beingacquired belongs	Delectable1sengaged, inter alia, m fabricatingvendingmachinesandappbasedsaleofFMCG products through such machines.
4.	Objects and effectsofacquisition(includingbutnotlimitedto,disclosureofreasons for acquisitionoftarget entity,ifits businessisoutsidethe main lineofbusinessofthe listedentity)	Strengthen presenceofITC' s FMCG products in theemerging distribution channelofvending machines.
5.	Brief detailsofany governmental orregulatory approvals required for theacquisition	None
6.	Indicative time period for completionofthe acquisition	12months from the dateofexecutionofthe relevantagreements.
7.	Natureofconsideration-whether cashCashconsideration or share swap anddetailsofthe same

SI.ParticularsNo.8.Costofacquisition or the price atwhich the shares are acquired9.Percentageofshareholding/controlacquired and/or numberofsharesacquired10.Brief background about the entityacquired in termsofproducts/lineofbusinessacquired,dateofincorporation, historyoflast3 yearsturnover,countryinwhichtheacquired entity has presence and anyother significant information (in brief)

DisclosuresUp to a maximumoft7.50 crores in four tranchesover a periodof12months.Subject to completionofagreed conditions precedentand milestones, ITC has agreed to acqmre,mfour tranches, up to 33.42%ofthe share capitalofDelectable on a fully diluted basis.Delectable is a start-up founded by Mr. SatvikSarwarde, an IITian,m2014.BriefdetailsofDelectable are given below:Products/lineofAs stated in (3) abovebusinessofthetarget entityDateof16thSeptember, 2014incorporation**Last3 years'turnover2018-19~~t~~69.15 lakhs2017-18t19.42 lakhs2016-17t**0.27 lakhsCountryofIndiaoperationsNet worthasat_t_1.48 crores3ptMarch, 2019

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