AN N EXU R E
Brief particulars of the transferee/resulting and transferor/demerged companies
Particulars
Name of the company
Transferee/ Resulting Company Transferor/ Demerged Company
Bharti Airtel Limited Augere Wireless Broadband India Private Limited
Date of Incorporation & details of name changes, if any
The Company was incorporated as Bharti Tele-Ventures Limited on July 07, 1995.
25/08/2010
On April 24, 2006, the name was changed to Bharti Airtel Limited.
Registered Office
Bharti Crescent, 1, Nelson Mandela House, Phase - 11, Vasant l
1, RG City Centre, Desh Sandhu Gupta Road, Paharganj, New Delhi-110055
Brief particulars of the scheme Transferor Company will be merged into Transferee Company. There
will not be any issue of shares since the transferor Company is a Wholly Owned Subsidiary of the Company.
Rationale for the scheme The proposed arnalgarnation will be in the best interest of all the
stakeholders of the Amalgamating Companies, as it would result in increased operational efficiencies, bring economies of scale and result in synergetic integration of the businesses presently being carried on by the Amalgamating Companies. Accordingly, the objects of the Scheme are:
pooling of resources, creating better synergies across the group, optimal utilisation of resources and greater economies of scale; and
faster and effective decision making, better administration and cost reduction (including reduction in a dministrative and other common costs).
the Board of Director or !he company approving the scheme
D;:ite of meeting the Audit Committee i n which the d raft scheme has been
Date
of the cornpany are of Business
i
lr..,-cpi 'I"l.-d 1 o'. e1"ore ·:-n' e n.:)·., n' I"rI"l'" ('ir·l
Date shall be the scm1e c1;, Effectiv(-, Dcite
Applicable
Rs. 19,987,000,510/- divided into Rs. 19,615,380/- divided into
Rs)
3,997,400,102
Rs.
shares ot Rs.
No. of shares to be issued NIL Canceliation of shares on Not Applicable account of cross holding, if any
The entire capital is held by
After
the entire Shares
since the Transferor Company is a wholly owned subsidiary of the Transferee
Valuation by independent Chartered Accountant -
Name of the valuer/valuer firm and Regn no.
Applicable since the ny ls a vvho!!y ONned
subsidiary of the Transferee Company
,----- ---·-- ----
Methods of valuation and value llot Applicable
per share arrived under each method with weight given to each method, if any.
Applicable
llot scheme. IIIL
IIIL
No. Shares
will not be any issue of shares under
Promoter | |||
Public | As per 'Annexure ' | ||
Custodian | |||
TOTAL | |||
No of shareholders | |||
Names of the Promoters | @ Bharti Telecom Limited1 Ill Pastel Limited2 @ Indian Continent Investment Limited3 Ill Viridan Limited4 | ||
Names of the Board of Directors | As per 'Amiexurre ' | ||
Details regarding change in management control if any | Not Applicable |
·
1 Bharti Telecom Limited is the promoter of Bharti Airtel Limited as described in IPO prospectus dated February 07, 2002.
2 Pastel Limited qualifies as a " deemed promoter" u/r 2(1)(t) of SEBI (Acquisition of shares & Takeovers) Regulations, 2011 but it is not having control over the listed Company nor is a person acting in concert with promoter (Bharti Telecom Limited) as defined u/r 2(1)(q) of the Regulations.
31ndian Continent Investment Limited is a person acting in concert with Bharti Telecom Limited.
4Viridian Limited is a person acting in concert with Pastel Limited. As mentioned above, Pastel Limited qualifies as a " deemed promoter" u/r 2(1)(t) of SEBI (Acquisition of shares & Takeovers) Regulations, 2011 but it is not having control over the listed Company nor is a person acting in concert with promoter (Bharti Telecom Limited) as defined u/r 2(1)(q) of the Regulations.
Bharti Airtel Limited issued this content on 21 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2016 10:33:15 UTC
Original Document: http://www.airtel.in/wps/wcm/connect/7d322460-7967-4ff8-a727-b5de1b9e7eb2/Brief+Particulars+of+Airtel+and+Augere.pdf?MOD=AJPERES&CONVERT_TO=url&CACHEID=7d322460-7967-4ff8-a727-b5de1b9e7eb2