Acquisition of Shares of Agnetta & ESPL
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kati Patang Lifestyle Limited's Board approved preferential allotment of 17,36,093 equity shares at Rs. 24 per share to acquire stakes in two companies. First, 14,58,333 shares were allotted to acquire 100% stake in Agnetta International Private Limited for Rs. 3.5 crore through share swap. Second, 2,77,760 shares were allotted to acquire an additional 1.43% stake in Empyrean Spirits Private Limited, an unlisted material subsidiary, for Rs. 66.66 lakh. The company's share capital will increase from Rs. 48.45 crore to Rs. 50.19 crore post-allotment. Some ESPL shares held by two individuals could not be acquired due to procedural reasons.
Share capital dilution of approximately 3.58% due to new share issuance. The company gains full control of Agnetta and increases its stake in subsidiary ESPL, expanding its business portfolio through non-cash consideration.