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Ramco Industries Ltd — M&A Activity 2020
Jan 10, 2020
61810_rns_2020-01-10_1a3fbb0b-7614-4b7c-acd8-8c370a1fc406.pdf
M&A Activity
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R/CFD/CMD/4/2015 dat |
ed September 9, 2015. |
|---|---|
| Nameofthetarget | Lynks Logistics Limited |
| entity,detailsinbrief such as size, |
CIN:U60200TN2015P1C103367 Turnover for theyear ended31.3.2019is Rs.4057.53lakhs. |
| turnover,etc, Whether the acquisitionwouldfall withinrelatedparty |
Yes.TheCompanyispromotedbyTheRamcoCements LimitedandotherpromotersofRamcoGroupof Companies.Thebreak-upofthepaidupsharecapital |
| transactions(s)and whether the promoter/proinoter |
subseouenttothe hts Issueis asfollows: Nameof theShareholder No.ofShares %inthe sharecapital |
| group/group | PROMOTERS |
| companieshaveany interestin theentity being acquired?If yes, natureof interest anddetailsthereof andwhetherthe same isdoneatarm's length. |
Mr.P.V.Abinav RamasubramaniamRaia 13,35,58,300 17.50 Mr.P.R.VenketramaRaia 7,26,4L,600 9.51 TheRamcoCements Limited 35,00,00,000 45.84 RamcoIndustriesLimited 12,69.00,000 16.62 RamcoIndustrialand TechnologyServices 19,00,000 0.2s |
| Limited | |
| Others 7,85,00,100 10.28 |
|
| Total 76,35,00,000 100.00 |
|
| Theinvestment ismadeatface value and isatarm'slength | |
| basisand by wayofparticipationintheRiqhtsIssue. | |
| Industrytowhich the | |
| entitybeingacquired | Logistics |
| belonqs | |
| Objects and effectsof | The objectoftheLynks LogisticsLimitedistoenterinto the |
| acquisition(including but notlimitedto, |
businessofaggregatorsinlogisticsfield.The objectofthe venture istodevelopawebbasedplatform, whichwould |
| disclosureofreasons foracquisitionof target entity,ifits businessisoutside themainlineof |
providealinkbetweenthetranspoftersandthepersons availingsuchtranspoftservice.Theexperienceinlogisticsof GroupCompanyviz.TheRamco CementsLimitedcanbe leveraged for the operation ofthisnewventureandformutual benefit. |
| businessofthelisted | |
| entiW) | |
| Briefdetailsofany governmentalor |
|
| regulatoryapprovals requiredforthe |
None |
| acquisition |
| Indicativetimeperiodfor | Allotmentmadeon 12.L2.20L9.Aswe wereofthe |
|---|---|
| completionoftheacquisition | view thattheintimationneedstobegivenon credit |
| of thesharesinourDematAccount,we didnot | |
| Natureofconsideration | intimatetheExchanqethen. |
| whethercash consideration or | |
| share swapand detailsofthe | |
| same | |
| Costofacquisitionortheprice atwhichthesharesare |
Rs.5,00,00,000/-(RupeesFiveCroreonly)for 5,00,00,000sharesofRe.1/-each. |
| Percentageofshareholding/ controlacquiredand/or |
|
| numberofsharesacquired | |
| Acquiredont?.t2.20t9 | |
| Briefbackgroundaboutthe entityacquiredintermsof products/lineofbusiness |
LynksLogisticsLimitedwasincorporatedon L8.12.20t5, forproviding technologyplatformtolink supplyanddemandofgoods transportationina |
| acquired, dateofincorporation, | timelylocation awareway.Thisis an"Aggregator" |
| historyoflast 3 yearsturnover, | or"ServiceProvider"tolinkProvidersofTranspod |
| countryinwhichtheacquired entity haspresenceandany |
Serviceand AvailersofTransportService, through moderntechnologyplatforms.TheRegistered |
| other significantinformation(in | OfficeisatChennai. |
| brief) | TheTurnoverfortheyearended31.3.2019is |
| Rs.4057.53lakhs. |
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