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Rose Merc.Limited — Capital/Financing Update 2025
Jan 14, 2025
63782_rns_2025-01-14_6ce2831a-613b-4b54-b119-df19fa6a605d.pdf
Capital/Financing Update
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Date: 14-01-2025
To, BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai - 400001
Kind Attention: Corporate Relationship Department
BSE Script Code: 512115; Scrip ID: ROSEMER
Subject: Intimation for Fresh Investment in Navi Mumbai Premier League Private Limited
Dear Sir/Madam,
Reference is made to the intimation filed by Rose Merc Limited (“Rose Merc”) with the Stock Exchange on May 9, 2024, in relation to, amongst others, Rose Merc’s holding of 25% of the share capital of Navi Mumbai Premier League Private Limited (“NMPL”).
We wish to inform the Stock Exchange that NMPL, as part of its fund-raising activity, has raised money by issuing equity shares on a preferential basis for an aggregate amount of Rs. 9,131,300 (Rupees Ninety-One Lakhs Thirty-One Thousand Three Hundred Only). The issue price of equity shares of NMPL for the aforesaid fund raise has been determined based on the valuation report obtained by NMPL, with an enterprise valuation of NMPL computed at Rs. 180,00,00,000 (Rupees One Hundred Eighty Crore Only).
As a consequence of the completion of the aforesaid investment in NMPL, the shareholding of Rose Merc in NMPL has been marginally diluted from 25% to 24.87%.
We request the Stock Exchange to take note of the same and update your records accordingly.
Thanking You, Yours Faithfully,
For Rose Merc Limited
Digitally signed by Vaishali Vaishali Parkar Kumar Parkar Kumar Date: 2025.01.14 12:19:55 +05'30' Vaishali Parkar Kumar Executive Director DIN: 09159108