n

nce

24d Novenber, 2O16

To,

Listing Compliances
BSE Ltd,

P. f. Towers,

Dalal Street,

Iort, Mumbai -

400 001.

Dear SirMadam,

has incorporated a wholly owned

The board of directors wishes to announce that the cornpany

subsidiaryinUnitedKingdomknownas'AvanceTechnologiesLimited'asapriwatecompany'

JhgdgtailsasrequiredulderRegulation30ofSEBI(LoDR)Regulations,2015readwithSEBI
Circr:lar No. CIR/CFD/CMD/04/2015 is
Name of the target

1.

as

follows:

entitp Avance Tech-nologies Limited'

WhetherttreacquisitionwouldfallwithinrelatedPartytnnsactiods)andwhetherthe

in the entity being acquired? If

promoter/ Promoter grouP/ group conpanie have any hterest
"arms length": The
yo, o.*. of interest a-nd details thereof snd whetler the same is done at
which is not covered r:nder the puwiew of
Company has incorporated a wholly owned subsidiary
the related partY tralsacdon.

directly or ildirecdy over the

None of the promoters or Promotel group has any interest
acquisition

3.
4.

Inih:stry to which tle entity bei:rg acquired belongs: IT

by entering irrto United Kingdom' which is a

Obiects and efiects of acquisition: The Company
to Europ-e1 markets thus serving as
tecirnological hub of Europe, will gain access
& Eastern Europe'
enablhg the company to expand its business in Western

Regd.on:- D/603, 66 Froo',

Edeit,-

crys

r----. r..hnolost! IlElted

:*

3Y

lflrT*3tortt'""tt

Ms4 New Link Road'

- ::: 19 ^o^??,6.T?1+n
webslte: www
inf@avance.inl"t-*tiiii&"e?ii&etJ coi iIr: LsrsoolvrHlg i5Plco3s210
- +wu .
1w esq Mumoar

ava'ce in'

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5.

Bdef details of any governmental or regr:latory approvals required for the acquisition: Not
Applicable
Indicative time period for conpletion ofthe acquisition: Not Applicable

7.

Nature of consideration- whether cash consideration or share swap and details of ttre same: Cash.

8.

Cost of acquisition or the price at which the shares are acquired: 4'50

9.

percentage of shareholdi4/control acquired and./or number of shares acquired: The company

holds

100p/o

stake

rnillion euros'

in the subsidiary company.

of
10. Brief background about the entity acquireil in terms of productVline of business acquired, date
incorporation, history of last 3 years trurnover, country which the acquired entity has presence

il

and any other

l0-1.

sip.ificart information (in briefl:

Date of lncorporation: 22d November, 2015'

10.2. coultry in which the entity has presence Incorporated in England & wales, United
Kingdom.

10.3. Terms of productVline of business acquired: IT related productV services

10.4. Other sig;nificant i-nformation: The Company being incorporated on 22d November'
it is yet to commence its operation.

2016

(LODR)
Funher would like to inform you that pursuant to provisions of regulation 33 of SEBI
results of tle conpany
Regulations, 2015, the company shall submit and publish standalone financid
for all the quarters excePt for the quartel and year ended March'

Kindlv uke the above

ormation on your records.

ThankiryYou,
For Ava-nce

DIN:02828913

AYr.EcG

Regd.ofi:- D/603, 66 Floor,

cry

EE tt- inf@vanc.in/avancetechn

Tcchlolo8l. Llrttc.l

New

Link Road' Andhen

3lte

www avance in'