SU NA SOLAR LIMITED
(formerly Surana Ventures Limited)
Registered Office :
Surana Group
ISO 9001 - 2008 Certified Company
Plot No. 212/3 & 4, Phase II, IDA, Cherlapally, Hyderabad-500051, Telangana, India Tel :+914027845119/27841198/65742601
Website :www.suranasolar.com
E.mail :surana@surana.comCIN No.: L45200TG2006PLC051566
SSL/SECT/O':}- /2022-23
Date: 15t1t April, 2022
The Secretary, National Stock Exchange oflndia Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051. Scrip Code: SURANASOL | The Secretary, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. Scrip Code: 533298 |
Dear Sir/Madam,
Sub: Disinvestment of equity shares held in Surana Infotech Private Limited - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requrements), Regulations, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors at their meeting held on 15th April, 2022 has approved for sale of its equity stake of 5% held in Surana Infotech Private Limited to Mis. Tapaz Info Parks holdings Pte. Ltd., Singapore.
The details as required under SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 for the said disinvetment are as under:
Sr no 1
Particulars
Remarks/Details
The amount and percentage of the There is no contribution to turnover or revenue or turnover or revenue or income and income and net worth by Surana Infotech Private net worth contributed by such unit or Limited, as the Company yet to commence its division of the listed entity during the business activity.
last financial ear;
2
Date on which the agreement for sale has been entered into;
shall be
3 The expected date of completion of sale/dis osal;
4 Consideration received from such sale/ disposal;
Contd...2
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5
Brief details of buyers and whether Mis. Tapaz Info Parks Holdings Pte. Ltd.,6
any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof; Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length";
Singapore. The Buyer does not belong to the promoter/ promoter group I group companies.
No, the transaction would not fall within related party transactions.
7
Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.
Not applicableFurther details will be submitted once the transaction is materialised.
We request you to kindly take note of the same on your records.
Thanking You,
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Surana Solar Ltd. published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 09:59:04 UTC.