Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Crest Ventures has informed that the company has acquired 30 Equity Shares of Crest Finserv Limited (‘CFL’), subsidiary of the company at Rs 40 each (FV=Rs 10 each) aggregating to Rs 1,200 as the cost of acquisition. Consequent to the said acquisition, company's stake in CFL has increased from 99.99% to 100% and as a result, CFL has become a Wholly Owned Subsidiary of the company. Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09. 2015 is enclosed herewith as Annexure l.
The above information is a part of company’s filings submitted to BSE.
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