Data Patterns Acquires ST Advanced Composites for ₹10 Crore
Data Patterns (India) Limited has finalized the acquisition of ST Advanced Composites Private Limited for a total consideration of approximately ₹10 Crores. The deal includes ₹1.50 Crore for equity shares and ₹8.50 Crore as a loan. ST Advanced Composites will become a wholly owned subsidiary upon completion.
The acquisition of a wholly owned subsidiary for ₹10 Crores is a material development that could impact the company's future growth and market position.
The company is expanding its operations through a strategic acquisition, which is generally viewed positively.
Data Patterns (India) Limited has completed the execution of a Share Purchase Agreement to acquire 100% of the equity shares of ST Advanced Composites Private Limited.
The total consideration for the acquisition is approximately ₹10 Crores. This includes ₹1.50 Crore towards the acquisition of equity shares from the promoters and ₹8.50 Crore as a loan to the Target Company for settling its liabilities.
The acquisition is subject to the fulfillment of certain customary conditions precedent and other terms and conditions agreed upon in the Share Purchase Agreement. Upon completion, ST Advanced Composites Private Limited will become a wholly owned subsidiary of Data Patterns (India) Limited.
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Data Patterns (India) Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Data Patterns (India) Limited. Read the original for the full detail.