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Vakrangee
BSE: 511431NSE: VAKRANGEEISIN: INE051B01021

18th-Nov-2019 14:31Source: NSE

Vakrangee Limited

VAKRANGEE:The Exchange has sought clarification from Vakrangee Limited with respect to announcement dated 13-Nov-2019, regarding Outcome of Board Meeting held on November 13, 2019. On basis of above the Company is required to clarify following: 1. Name of the entity (ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.;2. Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length";3. Area of business of the entity (ies);4. Rationale for amalgamation/ merger;5. In case of cash consideration amount or otherwise share entitlement/exchange ratio;6. Brief details of change in shareholding pattern (if any) of listed entity.The response of the Company is awaited.

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