Shiva Global Agro Industries Ltd. - Sale Of Shares In Subsidiary

| Updated on March 29, 2019 Published on March 29, 2019

Company has decided to sell its total 64.50% Share holding in Kirtiman Agrogenetics Ltd.:
Sr. No. Particulars Details
Rs. In Crores
1 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 Particulars Kirtiman Agrogenetics Ltd. Shiva Consolidated %
Turnover 38.13 444.27 8.58%
Total Income 38.13 446.01 8.55%
PAT before Minority Interest -29.28 743.80 3.94%
PAT after minority interest -29.28 512.05 5.72%
Net worth* 9.66
99.66 9.69%
*excluding intangible assets
2 Date on which the agreement for sale has been entered into March 28, 2019
3 The expected date of completion of sale/disposal ; September 30, 2019 subject to completion of closing formalities
Consideration received from sale/disposal An equity consideration of Rs. 6,44,47,500/-(Six Crore Forty Four Lakh Forty Seven Thousand Five Hundred) receivable for the total stake.
5 Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof Atria Agri Ventures Pvt. Ltd is an entity incorporated under the Companies Act, 1956 and has its registered office in Ahmedabad.

The buyers do not belong to the promoter / promoter group / group companies.
6 Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arms length" No.
7 Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale Not Applicable

Pdf Link: Shiva Global Agro Industries Ltd. - Sale Of Shares In Subsidiary

Source : BSE - www.bseindia.com

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Published on March 29, 2019
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