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RPSG VENTURES LIMITED — Capital/Financing Update 2021
Mar 8, 2021
61311_rns_2021-03-08_49899012-de2c-4ead-8f69-dab203df0231.pdf
Capital/Financing Update
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| Annexure A | Annexure A | |
|---|---|---|
| Sr. | DetailsofEvents thatneedtobe | Informationofsuch events(s) |
| No. | provided | |
| a) | nameofthetargetentity, detailsinbrief | HerbolabIndiaPrivate Limited ('Herbolab'), a |
| suchassize,turnoveretc.; | manufacturerofAyurvedamedicinesand | |
| productsunderthebrandname"Dr. Vaidya's". | ||
| Totalrevenueofthetargetentityfortheyear | ||
| ended: | ||
| 31stMarch2020= INR 16,33,16,371 / -(Audited) | ||
| b) | whethertheacquisitionwouldfall | Herbolabis a SubsidiaryCompanyofRPSG |
| withinrelatedpartytransaction(s)and | VenturesLimited('theCompany')andthe | |
| whetherthepromoter/promoter | Company'sshareholdinginHerbolabpriorto | |
| group/groupcompanieshaveany | today'sacquisitionwas64.63%. After acquisition | |
| interestintheentitybeingacquired? | of 35.37%ofHerbolab' sequitysharesfromthe | |
| sellers, Herbolab becomes awhollyowned | ||
| Ifyes,natureofinterestanddetails | subsidiaryoftheCompany.Theabove | |
| thereofandwhetherthesameisdoneat | mentionedacquisition isnotarelatedparty | |
| "arm'slength"; | transaction. | |
| c) | industrytowhichtheentitybeing | ManufacturingofAyurvedamedicinesand |
| acquiredbelongs; | products. | |
| d) | objectsandeffects of acquisition | TheinvestmentinHerbolabwillhelpthe |
| (includingbutnotlimitedto, disclosure | Companytoexpandits existing portfolio into | |
| ofreasonsfor acquisitionoftarget | ayurvedicproductsmanufacturingsegment. | |
| entity,ifits business isoutsidethemain | This acquisition willbringinmanysynergiesin | |
| lineofbusinessofthe Company); | theCompany'sbusinessandlong-term | |
| strategies. | ||
| e) | briefdetailsofanygovernmentalor | Noapprovalrequired |
| regulatoryapprovalsrequiredforthe | ||
| acquisition; | ||
| f) | indicativetimeperiodforcompletion | Simultaneouslywithexecution oftheinvestment |
| ofthe acquisition; | agreement | |
| 1 | ||
| <br><br>l | ||
| RPSGVENT | URESLIMITED~| |
| g) | natureofconsideration -whether cash | Cashconsiderationpaidthroughbankaccount |
|---|---|---|
| considerationorshareswapanddetails | transfer. | |
| ofthesame | ||
| h) | cost of acquisitionorthepriceatwhich | 5,00,000shares acquired for INR 50,80,00,000 |
| thesharesareacquired; | ||
| i) | percentageof shareholding/ control | 5,00,000shares |
| acquiredand/ ornumberof shares | ||
| acquired; | ||
| j) | briefbackgroundabouttheentity | Herbolabwasincorporatedon15May1980and |
| acquiredintermsofproducts/lineof | hasbeenengagedinthemanufacturingand | |
| businessacquired,dateof | sellingofAyurvedic medicinesandproducts. | |
| incorporation, historyoflast3years | HerbolabhaspresencepanIndiaandits total | |
| turnover,countryinwhichthe | revenuefortheprevious3 (three) financial years | |
| acquired entityhaspresence andany | isas follows: | |
| othersignificant information (in brief); | ||
| 31st March 2020= Rs. 16,33,16,371 / - (Audited) | ||
| 31stMarch, 2019= Rs. 2,04,17,905 / - (Audited) | ||
| 31st March, 2018: Rs. 86,83,525/ - (Audited) |
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