Dr.Datsons Labs Limited - Dr.Datsons Labs Ltd replied to Clarification sought by the Exchange

The Exchange has sought clarification from Dr.Datsons Labs Ltd with respect to the announcement submitted by the company dated December 15, 2014 titled "Outcome of the Board Meeting" which inter-alia stated "Taken on record The Letter of Intent for Investment in the company received from Leaders Group Asia Ltd."<BR><BR>Dr.Datsons Labs Ltd replied stating "The point wise reply is as under:<BR><BR>1. The period of completion.<BR><BR>Reply :-The Period of Completion Subject to Due Diligence and other Regulatory & statutory Compliance and approvals will take about 6 months.<BR><BR>2 Consideration amount involved in transaction.<BR><BR>Reply :-Investor Company has evinced interest in Taking majority Stake, The Chairman & MD are meeting he management of Investor company along with Merchant Bankers to finalise the Quantum & size of Transaction. Once we receive Firm offer we will immediately disclose the same.<BR><BR>3. Whether the said transaction would fall under related party transactions.<BR><BR>Reply :-The Investor has no relations with Management/ KMP as per The Companies Act & other regulations which define Related parties transactions. Hence we confirm this does not fall under related Party Transactions."