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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)