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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.