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Onelife Capital Advisors Ltd — M&A Activity 2024
Mar 6, 2024
62545_rns_2024-03-06_ce9e24d4-028f-416c-97fb-c13c6ac855f7.pdf
M&A Activity
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ONELIFE CAPITAL ADVISORS LIMITED
CIN: L74140MH2007PLC173660
Regd. Off: Plot No. A 356, Road No. 26, Wagle Industrial Estate, MIDC, Thane (W) - 400604 Thane 400604 Tel no.: 022-25833206; Email id: [email protected]; Web: www.onelifecapital.in
6[th] March, 2024
To, BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza Phiroze Jeejeebhoy Towers Bandra- Kurla Complex Dalal Street, Fort, Bandra, Mumbai- 400 001 Mumbai- 400 051 Scrip Code: 533632 Symbol: ONELIFECAP
Sub: Outcome of Board Meeting of M/s. Onelife Capital Advisors Limited held on Wednesday, 6[th] March, 2024 commenced at 11.30 a.m. and concluded at 12.00 afternoon
Respected Sir/Madam,
The Board of Directors at its Meeting held on Wednesday, 6th March, 2024 considered and after due deliberation approved the following:
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Discussed and approved proposal of Open Offer for acquisition of shares of upto 26% of the voting capital of ‘Continental Controls Limited’ at an offer price of Rs. 4/-.
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To give authority singly or jointly to Mr. Pandoo Naig or Mr. TKP Naig or Mr. Manoj Malpani, Directors of the Company–
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To appoint Merchant Banker and Registrar
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To enter into Share purchase agreement with Promoters of ‘Continental Controls Limited’. Details are as below-
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| No. of Shares | **Totalpercentage ** | Rs. Per share | Total Amount |
|---|---|---|---|
| 15,09,604 | 24.56% | 4.00/- | 60,38,416/- |
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To open and operate Escrow Account
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To enter into escrow agreements
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To give undertakings on behalf of the Company
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To provide necessary information and documents to manage or other intermediaries
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To sign the Open offer documents including Public Announcement, Draft Public Statement and Letter of Offer along with amendments or corrigenda and other ancillary documents
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To conduct the open offer process in accordance to takeover codes.
We request you to take this information on Records.
Thanking You,
For ONELIFE CAPITAL ADVISORS LIMITED
PRABHAKARA NAIG Digitally signed by PRABHAKARA NAIG DN: c=IN, st=Maharashtra, 2.5.4.20=2ea6a0e8d0a42d6e1575afecebb173ebeebb387758fff76a68942a17b58b7d1f, postalCode=400049, street=Mumbai, pseudonym=f2c5a5de3687286a2fb3ae0cee8e31ad, serialNumber=c1ab533622e64b746d37b7a297524feb767ef0148f4a1f9035e72a38b5efb8c8, o=Personal, cn=PRABHAKARA NAIG Date: 2024.03.06 12:00:59 +05'30'
Prabhakara Naig Whole Time Director DIN : 00716975