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KPIT Technologies Ltd — Capital/Financing Update 2020
May 5, 2020
59234_rns_2020-05-05_60a63335-5cdd-411f-a719-e21f547ae4bb.pdf
Capital/Financing Update
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Date: May 5, 2020
National Stock Exchange of India Ltd., Exchange Plaza, C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai – 400051.
BSE Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Mumbai – 400001. Mumbai – 400051. Scrip ID: KPITTECH Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, Kind Attn: The Manager, Department of Corporate Services Listing Department
Sub: Modification in terms of acquisition of majority stake in Vayavya Labs Private Limited.
Ref:- Earlier intimation dated 11[th] March 2020.
Dear Sir/Madam,
With reference to aforesaid intimation for acquisition of majority stake in Vayavya Labs Private Limited ("VL") and its shareholders and in terms of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that pursuant to the authority delegated by the Board of Directors, the Managing Director & CEO of the Company has modified terms of the acquisition in Vayavya Labs Private Limited as stated below.
Accordingly, all other terms remaining unchanged following description as stated at Annexure A of earlier intimation dated 11[th] March, 2020 be modified and read as under:
| f. | Indicative | Time | Period | for | The deal is expected to get closed by the |
|---|---|---|---|---|---|
| completion | of acquisition | fourth quarter of FY2021 vs first quarter | |||
| of FY 2021 as intimated earlier. |
This is for your information and record.
Please acknowledge receipt of the same.
For KPIT Technologies Limited (Formerly KPIT Engineering Limited)
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Nida Deshpande
Company Secretary & Compliance Officer
KPIT Technologies Limited (Formerly KPIT Engineering Limited) Registered & Corporate Office: Plot No.17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
O +91 20 6770 6000 E [email protected] W kpit.com
CIN: L74999PN2018PLC174192