Corporate Announcement
Security Code : 540767    Company : NAM-INDIA    
Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Download PDFDownload XBRL
  Exchange Received Time  26/08/2019 18:46:56         Exchange Disseminated Time   26/08/2019 18:47:07              Time Taken   00:00:11
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Nippon Life Insurance Company (Nippon) has now additionally acquired 64,815,152 equity shares of the Company (representing 10.59% of the total issued and paid up equity share capital of the Company) pursuant to the mandatory open offer made by Nippon in terms of the SEBI (SAST) Reg, 2011
Pursuant to such acquisition, Nippon now holds 32,72,10,152 equity shares representing 53.46% of the total issued and paid up equity share capital of the Company.
It may be noted that with this additional acquisition of shares, the Company has now become a subsidiary of Nippon, in terms of section 2(87) of the Companies Act, 2013. Consequent to this, all the existing subsidiaries of the Company have also become the subsidiaries of Nippon.
Please note that Nippon intends to continue running the Company and it's operations without any change in its structure and management


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