Hester Biosciences has informed that Hester Biosciences (Hester India) has entered into a Shareholder's Agreement, Share Purchase Agreement and Share Subscription Agreement (collectively referred to as Transactional Documents) to: Acquire 486 equity shares of Thrishool Exim Limited (TEL), Tanzania from the existing promoters; and subscribe 1,188 equity shares of TEL. Thereby, acquire and subscribe a total of 1,674 equity shares representing 50% of total issued and paid-up equity share capital of TEL. The background of TEL is mentioned as point number 10 in the Annexure 1. The aforesaid Transaction Agreements are subject to customary conditions precedent and receipt of approvals as listed in Annexure 1 hereto.
The above information is a part of company’s filings submitted to BSE.
