Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Forbes & Company has informed that the Board of Directors of the Company at their meeting held on September 19, 2021 has approved the execution of the Share Purchase Agreement between Lunolux (Acquirer), an Advent International entity, Shapoorji Pallonji and Company (Seller), Forbes Campbell Finance, Forbes & Company, Eureka Forbes and Forbes Enviro Solutions, for the acquisition by Lunolux of a majority stake in the health and safety solutions business of Eureka Forbes. A copy of the joint press release issued in this regard by Shapoorji Pallonji and Company and Advent International is attached to this letter.
The above information is a part of company’s filings submitted to BSE.
