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Rane Holdings Ltd. — Capital/Financing Update 2021
Jun 30, 2021
61191_rns_2021-06-30_1a390386-603f-4a85-8f4a-14edf150e9bd.pdf
Capital/Financing Update
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| //OnlineSubmission | |
|---|---|
| RHL/SE/20t2021-22 | June30,2021 |
| BSELimited | NationalStockExchangeof lndiaLtd. |
| ListingCentre | NEAPS |
| CodeNo. 505800 | Code.RANEHOLDIN |
| Annexure-A | |
|---|---|
| Particulars | Details |
| a)name of thetarget entity, detailsin brief | M/s.Ranet4u PrivateLimited |
| such as size,turnoveretc. | Rs.inCrs) |
| Year202120202019 | |
| Turnover10.9919 7424.29 | |
| Paid-upequityandpreferenceshare | |
| b)whethertheacquisitionwouldfallwithin | capital:INR29.51crores. |
| related party transaction(s) and whetherthe | No. |
| promoter/ promoter group/ groupcompanieshaveanyinterestintheentitybeing | Mr. Harish Lakshman is interestedin his |
| acquired?lfyes,nature of interest and detailéthereof andwhetherthesameisdoneat"arm'slength" | capacityasdirectoronboththecompanies. |
| c)industryto which the entitybeing acquired | FleetTelematicsservices |
| -þeþ¡gsd)oþJectsand effectsofacquisition(includingbutnotlimitedto,disclosureofreasons foracquisitionoftarget entity,ifitsbusinessisoutsidethe mainlineof businessofthelisted | Objects:Acquisitionoffurthershareholdingfromexistingshareholders/other promoterspursuant |
| entity) | to Shareholders Agreement. |
| e) brief details of anygovernmentalor regulatory | None |
| approvals requiredfortheacquisition | |
| f)indicativetimeperiodfor completionof the | June30,2021 |
| acquisition | |
| g)nature of consideration-whethercashconsideration or shareswap anddetails of | Cash investmentinequityShares |
| thesame | |
| h)cost of acquisitionortheprice atwhichtheshares areacquired | SharesareacquiredatapriceofRs.5.80per equityshareofface valueof |
| Rs.10Êeach. Total cost:Rs. 6,57,1401-. | |
| i)percentage of shareholding / control acquired | Percentage:6.80% |
| and/ or numberofsharesacquired | No.of Shares.1,13,300 |
| j)brief background abouttheentity acquiredin | Business: FleetTelematicsService |
| termsofproducts/lineofbusinessacquired,dateofincorporation, historyoflast3years | Provider/Connectedmobility solutions. |
| turnover, countryinwhich the acquiredentityhaspresenceand anyothersignificantinformation (inbrief) | Dateof lncorporation:March26,2009.Turnoverforlast three years(lNR): |
| tn Crs | |
| Year202120202019 | |
| Turnover10.9919.7424.29 | |
| Countryofpresence:Locatedinlndia. | |
| The services are providedinlndia,South | |
| Asia, MiddleEast andAfricancountries. |
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