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Paul Merchants Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition

| Updated on July 26, 2018 Published on July 26, 2018

we wish to inform you that on 25th July, 2018, the Target Company i.e. Paul Merchants Finance Private Limited (formerly known as Paul Fincap Private Limited) has allotted 55,31,654 (Fifty Five Lakh Thirty One Thousand Six Hundred Fifty Four Only) Equity Shares having face value of Rs. 10/- each to the Company i.e. Paul Merchants Ltd., at a price of Rs. 48.81/- (Rupees Forty Eight and Eighty One Paisa Only) per Equity Share which includes a premium of Rs. 38.81/- per Equity Share aggregating to Rs. 27,00,00,032/- (Rupees Twenty Seven Crores Thirty Two Only). With this, the shareholding of the Company in the Target Company has increased from 82.16% to 88.96%.

Pdf Link: Paul Merchants Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Source : BSE - www.bseindia.com

Published on July 26, 2018
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