Marathon Nextgen Realty Ltd — M&A Activity 2020

Feb 14, 2020

	Disclosure ofevents asperRegulation30(2)	readwithPartAof PartAof Schedule III
a)	Name ofthetargetentity,details in	SanvoResortsPrivateLimited("SRPL")CIN
	briefsuchassize,turnoveretc.	U55103MH2001PTC132675isaPrivate
		Limitedcompanyincorporatedunder	the
		provisionsofCompaniesAct,1956having its
		RegisteredOfficeat702,MarathonMax,
		JunctionOfMulund-Goregaon LinkRoad,
		Muhmd(W)Mumbai400080.
		Capital Detail:
		AuthorizedShareCapital:Rs.1,00,000/-
		(1,000equitysharesofRs.100/-each)
		PaidShareCapital:Rs.1,00,000/-
		(1,000equity shares of Rs. 100/- each)
		Turnover19,763.13(inlakhs)as	on
		31/3/2019
b)	Whethertheacquisitionwould fall	Yes.
	withinrelatedpartytransaction(s)and
	whetherthepromoter/promoter	Thepromoters of SRPL arealso intheBoard
	group/groupcompanieshaveany	oftheCompany
	interest intheentitybeingacquired?If
	yes,natureofinterestand details	Yesat"armslength".
	thereofandwhetherthesame isdoneat
	"armslength"
c)	Industry towhichtheentitybeing	RealEstate andConstruction.
	acquiredbclorizs
d)	Objectsandeffectsofacquisition	TheCompany, as apartofits Business
	(including butnotlimited to,disclosure	strategypropose toacquire24%ofthepaid
	ofreasons for acquisition of target	up capital of Sanvo ResortsPrivateLimited
	entity,ifitsbusiness isoutsidethemain	(SRPL).
	line ofbusiness ofthe listed entity)
	Brief details ofanygovernmental or	Nogovernmentalorpriorregulatory
	regulatory approvalsrequired for the	approvalsarerequired for the acquisition.
	acquisition
f)	Indicative timeperiodforcompletion of	24%ofEquityShareCapitalofSRPL tobe
	theacquisition	acquired.
		Transaction isexpectedto becompleted	by

			endofbeforeMarch31,2020
g)	Nature ofconsideration-whethercash		Cash
	considerationorshareswapand	details
	ofthesame
h)	Costofacquisilion orthepriceatwhich		Cost ofAcquisition ofRs.46.45Crores
	thesharesareacquired
i)	Percentage ofshareholding/control		24%ofEquity ShareCapital	of	SRPLis
	acquiredand /ornumber of	shares	proposedto beacquired.
	acquired
j)	Briefbackgroundaboutthe	entity	SanvoResortsPrivateLimited	("SRPL"),CIN:
	acquired in termsofproducts/line of		U55103MH2001PTC132675is	a	Private
	businessacquired,date	of	Limitedcompanyincorporatedunderthe
	incorporation,historyoflast 3years		provisionsofCompaniesAct,1956		havingits
	turnover,country inwhich theacquired		RegisteredOfficeat702,MarathonMax,
	entityhasinformation(inbrief)		JunctionOfMulund-GoregaonLinkRoad,
			Mulund(W)Mumbai400080.
			CapitalDetail:
			AuthorizedShareCapital:Rs.1,00,000/-
			(1,000equityshares ofRs.100/-each)
			PaidShare Capital:Rs.1,00,000/-
			(1,000equityshares ofRs.100/-each)
			Turnover details:
				(Rs.inLakhs
			FinancialYear		Amount
			2018-2019		19,763.13
			2017-2018		17,816.76
			2016-2017		10,719.83

a)	Name ofthe	targetentity,detailsin	targetentity,detailsin	TerrapolisAssetsPrivateLimited(11TAPL11)is a	TerrapolisAssetsPrivateLimited(11TAPL11)is a	TerrapolisAssetsPrivateLimited(11TAPL11)is a
	briefsuchassize,turnover		etc.	PrivateLimitedcompanyincorporatedunder
				theprovisionsofCompaniesAct,1956having
				itsRegisteredOfficeat702,Marathon		Max,
				Junction OfMulund-	Goregaon Link	Road,
				Mulund(W)Mumbai	400080.Isa	100%
				subsidiaryofMarathon	Realty PvtLtd.
				Capital Detail:
				AuthorizedShareCapital:Rs.5,50,00,000/-
				(5,50,000 Equity Shares	of Rs.100/-each)
				Paid Share Capital:Rs.	5,17,50,000/-
				(5,17,500 EquityShares	of Rs.100/- each)
				Turnover:Rs.6,90,920/-
b)	Whetherthe	acquisition	wouldfall	TAPL is a relatedpartyof the Company.
	within related	partytransaction(s)and
	whetherthe	promoter/	promoter	Thepromoters ofTAPL are Board of Directors
	group/ group	companies	haveany	oftheCompany.
	interest in the	entitybeingacquired?If
	yes,nature	ofinterest	anddetails	At"armslenglh".
	thereofand whether the same isdone at
	"armslength"
c)	Industryto	which the	entity being	RealEstateandConstruction.
	acquired belongs
d)	Objectsand	effectsof	acquisition	The Company,as a	partof its Business
	(including but	notlirnitedto,disclosure		sh·ategyproposeto	acquire100%paid
	ofreasons for acquisitionof target			upcapital ofTerrapolisAssetsPrivate
	entity,ifitsbusinessisoutside the main			Limited (TAPL).
	lineof business ofthe listedentity)
e)	Brief details	ofanygovernmental or		Nogovernmental	orpriorregulatory
	regulatoryapprovalsrequiredfor the			approvalsarerequired	for theacquisition.
	acquisition
f)	Indicative timeperiodfor completion of			100%of EquityShare	Capital of T APL	to be
	the acquisition			acquired.
				Transaction isexpectedtobe completed by
				endof March31,2020

g)	Nature ofconsideration-whethercash	Nature ofconsideration-whethercash	Cash
	considerationorshareswapand	details
	ofthe same
h)	Cost of acquisition or the priceat	which	Cost of Acquisition ofRs.27.89Crores
	thesharesareacquired
i)	Percentage ofshareholding/control		100%ofEquityShare CapitalofT APL		is
	acquiredand /ornumber of	shares	proposedtobeacquired.
	acquired
j)	Briefbackgroundaboutthe	entity	TerrapolisAssetsPrivate	Limited
	acquiredinterms ofproducts/lineof		("TAPL"),CIN: U20210MH1993PTC073697 is a
	businessacquired,date	of	PrivateLimitedcompany incorporated	under
	incorporation,history of last 3 years		theprovisions of CompaniesAct, 1956 having
	turnover,country inwhich theacquired		itsRegistered Officeat702,MarathonMax,
	entityhasinformation(inbrief)		Junction Of Mulund-Goregaon LinkRoad,
			Mulund(W)Mumbai400080.
			Capital Detail:
			Authorized ShareCapital:Rs. 5,50,00,000/-
			(5,50,000EquitySharesofRs.100/-each)
			PaidShareCapital:Rs.5,17,50,000/-
			(5,17,500Equity SharesofRs.100/- each)
			Turnover:
			FinancialYearAmount inRs.
			2018-2019Rs.6,90,920/-
			2017-2018Rs.8,02,626/-
			2016-2017Rs.16,31,764/-