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Redington Limited M&A Activity 2019

Dec 9, 2019

62504_rns_2019-12-09_068339c9-6c4d-403c-b0d9-8da9180230a6.pdf

M&A Activity

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AnnexureA AnnexureA
AnnexureA `Nameofthetargetentity,detailsinbriefsuchas Rajprotim<br>Supply<br>Chain<br>Solutions<br>size,turnoveretc.<br>Limited<br>Detailsason31stMarch2019<br>TotalRevenue:Rs.11,627.47Lakhs<br>PAT<br>:Rs.536.94Lakhs<br> <br>Whethertheacquisitionwouldfallwithinrelated<br>partytransaction(s)andwhetherthepromoter/<br>promoter<br>group/<br>group<br>companies<br>have<br>any<br>interestintheentitybeingacquired?<br>Ifyes,natureofinterestanddetailsthereofand<br>Industrytowhichtheentitybeingacquiredbelongs<br>No<br>NA<br>SupplyChainIndustry: <br> <br>Objectsandeffectsofacquisition(includingbutnot<br>limitedto,disclosureofreasonsforacquisitionof<br>targetentity,<br>ifitsbusinessisoutsidethemainline<br>ofbusinessofthelistedentity)<br>Toexpandthebusinessoperations<br>ofProConnectresultinginaddition<br>of<br>Customers,<br>warehousing<br>and<br>transportationcontracts.<br> <br>Briefdetails<br>ofanygovernmental<br>orregulatory<br>approvalsrequiredfortheacquisition<br>No<br>governmental<br>or<br>regulatory<br> approvalsrequired<br> <br>Indicative<br>time<br>period<br>for<br>completion<br>ofthe<br>Completed<br>acquisition<br>=<br>1<br>i<br>aan<br>5h<br>Nature<br>of<br>consideration<br>-<br>whether<br>cash Cashconsideration<br>considerationorshareswapanddetailsofthesame<br> <br>Costofacquisitionorthepriceatwhichtheshares<br>areacquired<br>Rs.11Crores<br> <br> <br>Percentageofshareholding/ controlacquiredand/ <br>ornumberofsharesacquired<br>12%<br> <br>Briefbackgroundabouttheentityacquiredinterms<br>of<br>products/line<br>of<br>business<br>acquired,<br>date<br>of<br>incorporation,<br>history<br>of<br>last<br>3<br>years<br>turnover,<br>countryinwhichtheacquiredentityhaspresence<br>andanyothersignificantinformation(inbrief)<br> <br>oe<br><br> <br>Rajprotim<br>Supply<br>Chain<br>Solutions<br>Limited<br>isincorporated<br>atKolkata,<br>India.<br>It<br>is<br>into<br>business<br>of<br>Warehousing<br>and<br>Logistics<br>with<br>focusinEastandNorthEastregion<br>ofIndia.<br>DateofIncorporation<br>:25"July2016<br>Countryofpresence<br>:India<br>TotalRevenue:<br>FY2019— Rs.11,627.47Lakhs<br>FY2018— Rs.11,893.36Lakhs<br>FY2017— Rs.3,441.01Lakhs`
`thetargetentity,detailsinbriefsuchas Rajprotim<br>Supply<br>Chain<br>Solutions<br>overetc.<br>Limited`