Dangee Dums to sell 4.87% of share capital to AEML Investments

The company' Board further noted that for all purposes henceforth, the Investor company shall be treated as Public Shareholders.

Dec 15, 2020 09:12 IST India Infoline News Service

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Dangee Dums Limited informed the exchanges on Tuesday regarding a new Share Purchase agreement between the company and AEML Investments Limited. In a regulatory filing, the company said the promoters of the company have decided to sell upto 5,00,000 shares equivalent upto 4.87% of the issued and paid-up share capital of the company. The Board of Directors of the Company at its meeting held on December 15, 2020 decided and approved the promoters' proposal.

The Board approved the following agreements:

1. Share Purchase Agreement (SPA) to sell upto 5,00,000 equity shares equivalent upto 4.87% by Promoter Group of the Company to the Investor Company
2. Shareholders Agreement (SHA) for the purpose of recording the rights and obligations of the Investor, the company and the promoters.

The company's Board further noted that for all purposes henceforth, the Investor company shall be treated as Public Shareholders.

At around 10.00 AM, Dangee was trading 0.67% down at Rs125.95 per piece from its previous closing on the NSE.

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