Sobha Limited — M&A Activity 2019

Apr 25, 2019

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	clarificat	ionsought:	ionsought:	ionsought:	ionsought:
	Sl No	Particulars				Response
	I	Briefbackground about the entityacquiredintermsofproducts/lineofbusiness acquired, dateofincorporation,historyoflast 3 years turnover,country111which theacquired entityhaspresence andany other significant information(inbrief).				Sobhafnteri01·sPrivate Limited(SlPL) wasincorporatedinJune 17,1996 withthemall1objectsofdealinginwoods, manufacturingofdoors, furniture etc.The total Turnoverofthe Companyforthe last three years, i.e. 2015-16,2016-17and2017- 18wereRs. I ,34,25,289,Rs.I ,36,62,6 15 andRs. I ,36, 12,517 respectively.
	2	Percentageofshareholding_I_control acquired				100% Shareholding
		and_I_ornu	mberofshares ac	quired;
	3	Natureo	f consideration	-w	hether cash	Cash	Consideration
							.
		consideratsame;	ion or share swa	p and	etailsofthe
	4	Cost of ashares are	quisition ortheacquired;	price	at which the	Rs. 2	33.49 per share.
	5	Indicative	time eriodfor	com	etionofthe	NA
		acquisition	p ;	p		..
	6	Briefdetai	lsofany govern	mental	or regulatory	N.A.
		approvals	required for the a	cquisiti	on;
	7	Objects annot limite	d effectsofacquid to, disclosu	sition (re of	including butreasons for	Thefactor	Company has landand they buildingserectedon the
		acquisition	oftarget entity	, if its	businessIS	indust	rial land.

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	outside the main Iineofbusinessofthe Iistedentity);	Sobha Limited hasits manufacturingfacilityonthe said land. SobhaDevelopers (Pune) Limited(SDPL)has a surplusfundandwouldlike toinvestthesameeffectivelytoenhance the shareholders value.
8	Industry to which the entity being acquiredbelongs	Manufacturing
9	Whether the acquisitionwouldfallwithin relatedpartytransactions andwhether thepromoter/promoter group/ groupcompames have anyinterestinthe entity being acquired?Lfyes,natureofinterest and detai Is thereof andwhetherthe same is done at "arm's length"	The shares are acquiredbySDPL, asubsidiaryofSobha Limitedonarm'slengthbasis.The promoters have interest In theCompanytothe extentoftheirshareho ld ing.
10	Nameofthe target entity,detailsinbriefsuch assize, turnover etc	Sobha InteriorsPrivateLimited(SIPL) wasincorporatedinJune17,1996with the main objectsofdealinginwoods, manufacturingofdoors,furniture etc.

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