Onelife Capital Advisors Ltd — M&A Activity 2019

Jul 25, 2019

Sr. No.	Particulars	Details
1.	Nameofthe target entity, details in brief	SarsanSecurities PrivateLimited(SSPL)
	such as size, turnover etc.;	Authorised Capital: Rs._14,00,00,0001- _
		Paid upCapital:Rs._1,36,34,350/- _
		Turnover:Rs._87,63,018/- _
		Networth: Rs._5,22,24,315/- _
2.	Whether the acquisition would fall within	No.
	related party transaction(s) and whether
	thepromoterl promoter groupl group	The acquisition mentioned above does not fall
	companies have any interest in the entity	within related party transactions.
	being acquired?Ifyes,natureofinterest
	and detailsthereofand whether the same	The PromoterlPromoter groupofthe Company has
	is done at"arms length"	no interest in the above entity.
3.	Industry to which the entity being	Non Deposit taking NBFC
	acquired belongs
4.	Objects and effectsofacquisition	The transferofownership would result in long term
	(including but not limited to, disclosureof	growthofthe Company and would	provide the
	reasonsfor acquisitionoftargetentity,if	Company with overall expertise and	product suite
	itsbusiness is outside the main lineof	ofBuyer Company.
	businessofthe listed entity)
5.	Briefdetailsofany governmental or	As SSPL is an NBFC, prior approvalofRBI has
	regulatory approvals required for the	been required which was received on1ihMay,
	acquisition	2019.
6.	Indicative time period for completionof	6Months from the dateofapproval received from
	the acquisition;	RBIi.e.17thMay, 2019
7.	Natureofconsideration	Cash
8.	Costofacquisition or the price at which	Rs.11,00,00,000/-
	thesharesareacquired;
9.	Percentageofshareholding_1_control	100%
	acquiredand_1_or numberofshares
	acquired
10.	Briefbackground about the entity	SSPL was incorporated on28thJune,1994.The
	acquiredintermsofproducts/lineof	Company is engaged in the businessofa Non-
	businessacquired,dateofincorporation,	Banking Financial Institution as defined in Section
	historyoflast3yearsturnover,country in	451 (a)ofthe RBI.
	whichtheacquired entity has presence	The turnover for the last3years are asfollows:
	andanyother significant information
		Year2015-162016-17	2017-18
		Turnover5,74,84141,44,819	87,63,018
		(in Rs.)