Coromandel International has informed that Coromandel Technology, a wholly owned subsidiary of the Company, has executed agreements to acquire additional shareholding in Dhaksha Unmanned Systems Private Limited (Dhaksha) at a consideration of Rs. 149,97,70,240/-. Post completion of the above transactions, the Company, through its wholly owned subsidiary, Coromandel Technology, will increase its equity stake in Dhaksha from existing 51.02% to 58.01%. Further details relating to the above-mentioned acquisition as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/ CIR/2023/123 dated July 13, 2023 is enclosed as Annexure.
The above information is a part of company’s filings submitted to BSE.