Greenlam Industries Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition
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| 04 Dec 2021 | |
| Further to our letter dated August 28, 2021 regarding the acquisition of shares of HG Industries Limited (formerly Himalaya Granites Limited) ('Target Company'), we wish to inform you that Greenlam Industries Limited ("the Company") has on December 03, 2021) acquired 34,70,566 equity shares representing 74.9% of the total paid-up equity share capital of the Target Company at a price of Rs. 40.10/- per equity share from Mr. Saurabh Mittal, Ms. Parul Mittal, Mr. Shiv Prakash Mittal and S. M. Safeinvest Private Limited (collectively referred to as 'Sellers' i.e. shareholders forming part of promoter and promoter group of the Target Company), pursuant to the Share Purchase Agreement ('SPA') executed between the Company and Sellers dated August 28, 2021.<BR> <BR> For complete information, please refer the attachment. | |
| View all announcements for Greenlam Industries Ltd | Source: BSE India |
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