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Take Solutions Ltd M&A Activity 2020
60381_rns_2020-09-14_03c841c7-b9ba-4d99-9782-115bd8c01a84.pdf
M&A Activity
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TECHNOLOGY ANALYTICS KNOWLEDGE ENTERPRISE
September 14, 2020
TAKE/BSE/2020-21
The Manager
Dept. of Corporate Services-Listing Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Mumbai - 400001 Scrip Code: 532890
TAKE/NSE/2020-21
The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (East), Mumbai - 400051 Symbol: TAKE
Dear Sir/Madam,
Sub: Regulation 30- Intimation - Sale of Investment - APA Engineering Private Limited (Subsidiary)
With reference to the captioned subject, we would like to inform you that Company's Board has approved, in its Board Meeting held on September 14, 2020, to sell its entire shareholding of 58% in its subsidiary, namely APA Engineering Private Limited.
The details, as required under SEBI (Listing and Disclosure Obligation Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, are given as under:
| S.No | Particulars | Details |
|---|---|---|
| 1 n | the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year; |
Turnover 1 INR 133.69 Crores (5.98%) Networth # INR 24.82 Crores (1.61%) |
| 2.5 | date on which the agreement for sale has been entered into; |
NA |
| 3. | the expected date of completion of sale/disposal; |
September 30, 2020 |
| 4. | consideration from such received sale/disposal; |
INR 17.40 Crores |
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TAKE SOLUTIONS LIMITED
Registered & Corporate Office: No: 27, Tank Bund Road, Nungambakkam, Chennai - 600 034 CIN: L63090TN2000PLC046338; GSTIN: 33AABCT3684M1Z0 Tel: +91 44 6611 0700/01
www.takesolutions.com
| 5. | brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof; |
1. Mr. K. Vaidyanathan Mr. K. Ramakrishnan 2. |
|---|---|---|
| Both are currently holding the position of Whole Time Directors of APA Engineering Private Limited. |
||
| 6. | whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length"; |
Yes, it is done at "arms length" |
| $7_{\scriptscriptstyle\pm}$ | additionally, in case of a slump sale, indicative disclosures provided for f amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale: |
NA |
Kindly take the same on record and oblige.
Yours sincerely, For TAKE Solutions Limited
Avaneesh Singh Company Secretary
