Kiran Vyapar Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition
20 Jan 2025
With reference to earlier intimations made on 7th March, 2024, 13th November, 2024 and 20th December, 2024 (copies of intimations attached), for acquisition of 100% of the equity shareholding in Peepul Tree Capital Pte. Ltd ("PTCPL") a Private Company incorporated in Singapore and subsequently to make further subscription for a total consideration (i.e. towards acquisition and /or further subscription) not exceeding Rs. 100 crores (Indian Rupees One Hundred Crores), please be informed that the Company has completed a subscription of 11,450,000 Ordinary Shares in Peepul Tree Capital Pte. Ltd ("PTCPL") amounting to US Dollar 1,14,50,000 (equivalent to INR 99,22,57000/-) on 20th January, 2025.
Post this subscription, total amount of Investment (towards initial acquisition and further subscription) in Peepul Tree Capital Pte. Ltd ("PTCPL") is INR 99,22,65,460/-
Source:
BSE India