Corporate Announcement
Security Code : 500034    Company : BAJFINANCE    
 
AcquisitionDownload PDF Download XBRL
  Exchange Received Time  02/08/2017 20:47:48         Exchange Disseminated Time   8/2/2017 8:47:56 PM              Time Taken   00:00:08
We would like to inform you that the Company has entered into a Subscription Agreement with One MobiKwik Systems Private Limited ('MobiKwik') for acquisition of 10 Equity shares and 271,050 compulsory convertible preference shares (CCPS). Post conversion of CCPS, the Company would hold approximately 10.83% of equity in MobiKwik on a fully diluted basis. The value of the transaction envisaged is approximately Rs. 225 Crores and the conclusion of the transaction is subject to fulfillment of certain conditions in due course. The Company has also entered into a Shareholders Agreement which would become effective on conclusion of the above investment transaction.

In this regard, the disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 to the extent applicable to the transaction is given in the annexure.
 

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