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Sadbhav Infrastructure Project Limited Capital/Financing Update 2021
62189_rns_2021-04-29_f8697852-2743-4485-a90b-e4087421b5ff.pdf
Capital/Financing Update
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Ref: SIPL/2021-22/12
Date: 29/04/2021
| To, | |||
|---|---|---|---|
| Listing Department, | Listing Department, | ||
| BSE Limited, | National Stock Exchange of India Limited | ||
| Phiroze Jeejeebhoy Towers, | Exchange Plaza, C-1, Block G, | ||
| Dalal Street, | Bandra Kurla Complex, Bandra (E), | ||
| Mumbai 400 001 | Mumbai - 400 051 | ||
| Scrip Code: 539346 | Symbol: SADBHIN |
Dear Sir/ Madam,
Sub: Execution of Units Purchase Agreement by the Company with CPP Investment Board Private Holdings (4) INC. (CPH-4) and /or its affiliates.
Pursuantto the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read together with the circulars and notifications issued thereunder ("Listing Regulations") we hereby write to inform you that the Board of Directors of the Company at its meeting held today i.e. 29th April, 2021, has approved, execution of Unit Purchase Agreement with CPP INVESTMENT BOARD PRIVATE HOLDINGS (4) INC. (CPH-4) AND /OR ITS AFFILIATES towards sell and transfer the right, title ownership and interest in, free of all encumbrances, 434,28,782 Units of Indlnfravit Trust held by the Company in dematerialised form upon the terms and conditions contained in a Unit Purchase Agreement.
We hereby submit the details (in Annexure-A) as per Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 under the provisions of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for "Continuous Disclosure Requirements for Listed Entities".
You are requested to take the same on record.
Thanking You,
Yours Faithfully,
Sadbhav Infrastructure Project Limited
Regd Office: "Sadbhav House", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad - 380006 T: +91 79 26463384 F : +91 79 26400210 E : [email protected] Web: www.sadbhavinfra.co.in CIN: L45202GJ2007PLC049808
Annexure-A
| a | The amount and percentage of theturnover or revenue or income and networth contributed by such unit ordivision of the listed entity during thelast financial year; | theInvestmentofCompany:Unitsof4,65,30,838INDINFRA VITTRUST held by the Company. |
|---|---|---|
| b | Date on which the agreement for salehas been entered into | 29th April, 2021 |
| C | sale/ disposal | The expected date of completion of In the week of May, 2021 commencingfrom 3rd May, 2021. |
| d | Considerationreceivedfromsuchsale/ disposal | INR. 441,00,00,000/-(Indian RupeesFour Hundred Forty One Crores Only) |
| e | Brief details of buyers and whetheranyof the buyers belong tothepromoter/promotergroup/groupcompanies. If yes, details thereof | CPP Investment Board Private Holdings(4) Inc. (CPH-4)Suite 2500, One Queen Street East,Toronto, Ontario M5C2W5, Canada -999999CPH-4 does not form part of promoterorgroupgroupcompanyoftheCompany |
| f | whether the transaction would fallwithin related party transactions? Ifyes, whether the same is done at "armslength". | No |
| g | Additionally, in case of a slump sale,indicativedisclosuresprovided foramalgamation/merger,shallbedisclosed by the listed entity withrespect to such slump sale. | Not Applicable |
Sadbhav Infrastructure Project Limited
Regd Office: "Sadbhav House", Opp. Law Garden Police Chowki, Ellisbridge, Ahmedabad - 380006 T: +91 79 26463384 F: +91 79 26400210 E: [email protected] Web: www.sadbhavinfra.co.in CIN: L45202GJ2007PLC049808