CREST VENTURES LIMITED - Acquisition

We would like to inform you that Crest Ventures Limited ('CVL') has acquired 76,686 Equity Shares held by Fuhse River Limited in Classic Mall Development Company Private Limited ('CMDCPL'), its Associate Company, at a consideration of Rs. 13,68,50,000/- (Rupees Thirteen Crore Sixty Eight Lakh Fifty Thousand only). Subsequent to the above acquisition, the equity shareholding of CVL (including the investment held by the wholly owned subsidiary) in CMDCPL has increased from 49.00% to 50.00%.<BR> <BR> Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dt. September 09, 2015 is enclosed.