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| Exchange Received Time 01/11/2017 15:45:33 Exchange Disseminated Time 01/11/2017 15:45:37 Time Taken 00:00:04 | Disclosure OF Wholly-Owned Subsidiary:Pursuant to Regulation 30(2)of SEBI(LODR)Regulations, 2015, this is to inform you that the Company has acquired 40,10,000 Equity Shares of Rs. 10/- each at par aggregating to Rs. 4,01,00,000/- of M/s. Saroj Weavers Private Limited.
Consequent to the said investment and further to the receipt of allotment letter of said shares and information letter of approval of Transfer of Shares dated 31st October, 2017 from Saroj Weavers Private Limited on 1st November, 2017 by the Company; the Company 'M/s. Jindal Worldwide Limited' becomes the shareholder of M/s Saroj Weavers Private Limited with aggregate of 100 % Stake of Equity Share capital of the said Company, and as a result M/s Saroj Weavers Private Limited, becomes the Wholly Owned Subsidiary Company and a Related Party of M/s. Jindal Worldwide Limited. |
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