GMM Pfaudler Limited - Clarification

8 Aug 2022 , 12:00 AM

The Exchange has sought clarification from GMM Pfaudler Limited with respect to announcement dated 05-Aug-2022 informing about Press Release.On the basis of aforesaid announcement, the Company is required to provide/clarify the following: 1. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). 2. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at arms length; 3. Industry to which the entity being acquired belongs; 4. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); 5. Indicative time period for completion of the acquisition; The response of the company is awaited.