AI assistant
Sonata Software Ltd. — Regulatory Filings 2019
Aug 12, 2019
60845_rns_2019-08-12_899c638a-5514-4089-aa2b-8d6c8e86a147.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [595 x 107] intentionally omitted <==
12[th] August, 2019
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Mumbai Kind Attn: Manager, Listing Department Email Id: [email protected] Stock Code - SONATSOFTW
BSE Limited P.J. Towers, Dalal Street Mumbai Kind Attn: Manager, Listing Department Email Id: [email protected] Stock Code - 532221
Dear Sir/Madam,
Sub: Intimation under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
With reference to the captioned subject, we hereby inform you that Sonata Europe Limited, a wholly owned subsidiary of the Company, has entered into an agreement with IZARA ApS (CITTROS ApS) hereinafter referred to as “IZARA ApS”, to sell its entire stake of 15% in IZARA ApS at a purchase price of DKK 746,783.59.
The investment made by Sonata Europe Limited in IZARA ApS was DKK 609,646. This sale would be a complete exit from IZARA ApS. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015 are provided in the Annexure I attached to this letter.
We request you to kindly take the same on record.
Thanking you,
Yours faithfully,
For Sonata Software Limited
MANGAL KRISHNARAO Digitally signed by MANGAL KRISHNARAO KULKARNI KULKARNI Date: 2019.08.12 22:21:35 +05'30' Mangal Kulkarni Company Secretary and Compliance Officer
==> picture [452 x 52] intentionally omitted <==
Annexure I
==> picture [595 x 107] intentionally omitted <==
| Sr. No. |
Particulars in respect of the Event | Details/Information of the Event |
|---|---|---|
| 1. | Details and reasons for restructuring; | IZARA ApS (CITTROS ApS) to buyback shares. |
| 2. | Quantitative and/ or qualitative effect of restructuring; |
No effect. |
| 3. | Details of benefit, if any, to the promoter/promoter group/group companies from such proposed restructuring; |
Except for Sonata Europe Limited for divestment, there is no benefit to the promoter/promoter group/groupcompanies. |
| 4. | Brief details of change in shareholding pattern (if any)of all entities. |
NA |
==> picture [452 x 52] intentionally omitted <==