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UNO Minda Limited Regulatory Filings 2021
61248_rns_2021-05-12_50c8555a-88c3-425f-91fc-b302e24753e2.pdf
Regulatory Filings
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Minda Industries Ltd.
Ref. No. Z-IV /R-39/0-2/174 & 207 Date: 12 May, 2021
| BSE Ltd. | National Stock Exchange of India ltd. |
|---|---|
| Regd. Office: Floor-25, | Listing Deptt., Exchange Plaza, |
| Phiroze Jeejeebhoy Towers, | Bandra Kurla Complex, |
| Dalal Street, | Bandra (E), |
| Mumbai-400 001. | Mumbai -400 051. |
| BSE Scrip: 532539 | NSE Scrip: MINDAIND |
Sub.: Investment in equity shares of Strongsun Renewables Private Limited, the Special Purpose Vehicle ('the SPV') Company
Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
f"'\VCOt n.-.r -111 c; ,..fr) .:I J
The Company has invested in shares of Strongsun Renewables Private Limited ('the SPV') by acquiring 33,750 (Thirty-Three Thousand Seven Hundred Fifty) nos. of equity shares of face value of Rs. 10/ (Rupees Ten Only) each at a premium of Rs. 70/- (Rupees Seventy Only) each i.e. Rs. 80/- (Rupees Eighty Only) per share aggregating to Rs. 27 Lacs (Rupees Twenty-Seven Lacs Only). Accordingly, pursuant to above acquisition of shares, the Company holds 27.55% of total paid-up share capital of the SPV. The said acquisition if for availing solar power for its unit in Maharashtra.
Pursuant to the Regulation 30 of SEBI (LODR} Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September, 2015, the requisite details against the aforesaid matter is attached as Annexure-I, to this letter.
This is for your ir.format:on and record please.
Thanking you,
Yours faithfully, For Minda Industries Limited 0
Company Secretary & Compliance O ·cer Encl. as above
.MINDA ll'!IDUSTRJ� J..'Jl). (t:Prp9rQte) Y,lfgge N<rHll® Fmclipur, P.O. Sik<lnderpvr 13!Jddg, M.onti�r, Oistt. Glirgo.on, 1-Jaryanll - 122004. INDIA. T: +91 124 22904.27/.28, 2290693/94/96 F: +91 124 2290676/95 !;mail: [email protected].
•
Disclosure under sub-para (1) [i.e. Acquisition (including agreement to acquire)] of Para A of Part A of Schedule Ill to the Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015
| s. | Details of events that need to be | Details |
|---|---|---|
| No. | provided | |
| a) | Name of the target entity | Strongsun Renewables Private Limited |
| b) | theWhetheracquisition would fallwithin related party transaction(s) andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterest in the entity being acquired? Ifyes,natureof interestanddetailsthereof and whether the same is done at"arms length" | It is not a related party transaction. |
| c) | Industry to which the entity beingacquired belongs | Solar Power Generation |
| d} | Objectsandeffectsofacquisition(including but not limited to, disclosureof reasons for acquisition of targetentity, if its business is outside the mainline of business of the listed entity); | Strongsun Renewables Private Limited('the SPV') is engaged in solar powergeneration.astrategicinvestment,MindaAsIndustries Limited has acquired 27.55%stake in the SPV by acquiring 33,750 nos.of equity shares at price of Rs. 80/-pershares which includes face value of Rs.10/-per share and premium of Rs. 70/-per share.This investment is forthe Company toavail solar power from the SPV for itsunits situated at Maharashtra region. |
| e) | Brief details of any governmental orregulatory approvals required for theacquisition | N.A. |
| f) | Indicative time period for completion ofthe acquisition | TheinvestmentisFurtherdone.investment will be made as the projectprogresses |
MI ... DA lNDJJmJES im, (�,pg�) Villoge Nawpdr, Fw�hpur, P.O. Si!«Jnderpvr Bruid0, M!ln!)S!;lr, Distt. Gur90 HgryPm> - 122004, INPIA. T: +91 1;u 2290427/28, 2290693/94/96 F: +91 124 2290676/95 Em1>il: [email protected], wwv,wnomindo.(;om !t_e,id. Office: B,.l,A/1 W=:=-- ,_., __ .......,_, •-- - � " • • • ---- -·
| TU It.: I'fl OUqJrDtRE | ||
|---|---|---|
| g) | Nature of consideration -whether cashconsideration or share swap and detailsof the same | Cash consideration |
| h} | Cost of acquisition or the price at whichthe shares are acquired | Rs. 27 lacs for acquisition of 33,750equity shares of the face value of Rs. 10/-each at Rs. 80/-per share, |
| i) | Percentage of shareholding / controlacquired and / or number of sharesacquired | 27.55% equity shares |
| j} | Briefbackgroundabouttheentityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 yearsturnover, country in which the acquiredentity has presence and any othersignificant information (in brief); | Strongsun Renewables Private Limited isengaged in the business of providing solarpower solutions for captive consumptionof commercial and industrial customers inIndia.Date of Incorporation: 18 July, 2020;Turnover of last 3 years: N.A. as the SPV is |
| newly incorporated; |
MINDA 11\lDUSTRJ� I.Tl>, (C:o�Tore) Vilkl9e Now'1di:i Rrtehpur, P.O. Sikqnderywr Baddo, M1mt=r, Pislt. Gurggon, Hi:uyi:mo" 122004, JNDIA. T: +91 124 2290427/28, 2290693/94/96 f: +91 124 ')."),90(,76/95 Email: [email protected], www.unomindp,,;om Regd. Offii;13: ll-M/1, Wm.irpvr Industrial Areg, Delhi-110052 CIN No for Corporate: L7 4899DL 1992PLC050333