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Uflex Limited — Capital/Financing Update 2019
Jul 26, 2019
61549_rns_2019-07-26_775e5732-dd0b-4213-823c-1b0b9a15586b.PDF
Capital/Financing Update
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| S. No. | Particulars | Details |
|---|---|---|
| 1 | Theamountandpercentageofthe | Contribution by Utech Developers Limited |
| turnover or revenue or income and net | in the Total Income and Net worth of Uflex | |
| worth contributed by such unit or division | Limited, during the last financial year i.e. | |
| of the listed entity during the last financial | 2018-19 (on consolidated basis): | |
| year | ||
| Total Income: Rs. 325.80 Lakhs (0.04%) | ||
| Net worth: Rs. 13,841.47 Lakhs (3.22%) | ||
| 2 | Date on which the agreement for sale has | 25thJuly, 2019 — for sale of 82% shares |
| been entered into | held in Utech Developers Limited. | |
| 3 | Theexpecteddateofcompletionof | Expected to be completed by the end of |
| sale/disposal | October, 2019. | |
| 4 | Considerationreceivedfromsuch | Rs.125.05Crores,intheformof |
| sale/disposal | Redeemable Preference Shares of the | |
| Buyer i.e. Montage Enterprises Pvt. Ltd. | ||
| 5 | Brief details of buyers and whether any of | Montage Enterprises Pvt. Ltd. The buyer |
| the buyers belong to the promoter/ | do not belong to promoter/ promoter | |
| promoter group/group companies. If yes, | group/group companies | |
| details thereof | ||
| 6 | Whether the transaction would fall within | The transaction is not falling within related |
| related party transactions? If yes, whether | party transaction. | |
| the same is done at "arm's length" | ||
| 7 | Additionally,incaseofaslumpsale, | N.A. |
| indicative disclosures provided for | ||
| amalgamation/merger, shall be disclosed | ||
| by the listed entity with respect to such | ||
| slump sale |
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