Alankit Disinvested 49% Stake In Its Subsidiary
Alankit Limited (the Company) has disinvested 49% stake out of 99.99% stake in Alankit Technologies Limited (the Subsidiary Company) consisting of 4,90,000 shares @ of Rs. 22 per share. Following are the details of the transaction:
| S.no | Particulars | Details |
| 1 | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the Company during the last Financial Year. | Not Applicable |
| 2 | Date on which the agreement for sale has been entered into | 22nd March 2018 |
| 3 | Expected date of completion of transfer/sale | On or before 31.03.2018. |
| 4 | Consideration received | Rs. 1,07,80,000 |
| 5 | Brief details of buyers and whether any of the buyer belongs to Promoter/ promoter group/group companies. If yes, details thereof; | GTID Solutions Development Private Limited, a company registered under Companies Act 2013 having its registered office at 33, Netaji Subhash Marg, Daryaganj, New Delhi-110002. The buyer does not belong to the promoter/promoter group companies. |
| 6 | Whether the transaction would fall within related party transactions. If yes, whether the same is done at "arm's length" | No related party transaction. |
| 7 | Additionally, in case of a Slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the Company with respect to such slump sale | Not Applicable |
