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| Exchange Received Time 07/09/2017 18:01:23 Exchange Disseminated Time 07/09/2017 18:01:32 Time Taken 00:00:09 | Pursuant to Regulation 30(2)of SEBI(LODR)Regulations, 2015, this is to inform you that the Company has acquired 84,18,608 Equity Shares of Rs. 10/- each at par aggregating to Rs. 8,41,86,080/- of M/s. Balaji Weft Private Limited.
Consequent to the said investment and further to the receipt of allotment letter of said shares on 7th September, 2017; the Company 'Jindal Worldwide Limited' becomes the shareholder of M/s Balaji Weft Private Limited with aggregate of 60.44 % Equity Share capital of the said Company, and as a result M/s Balaji Weft Private Limited, becomes the Subsidiary Company and a Related Party of M/s. Jindal Worldwide Limited.
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