Update on acquisition of Fintellix India Private Limited

ICRA ICRA Limited Ju2l8y2, 0 26 BSEL imited NatioSntaolEc xkc haonfIg nedL iiam ited PhirJoezeej eTeobwheorys ExchPalnagzea , DalSatlr eet PlnootC. / 1B,l oGc k Mumb4a0i00 0 I1n,d ia BandraC-oKmuprlleax Scrip 5C3o2d8e3:5 Band(rEaas t) Mumb-a4i00 05 I1n,d ia SymbIoClRA: DeaSri r/Madam, SubD.i:s cluonsduRerereg ula3t0oi fto hSnees c urainEtdxi cehsa Bnogaeor fId n d(Liias ting ObligaantDdii osncsl Roesquurier eRmeegnutlsa2)t0 i1(o5"n Lsi,Rs etgiunlga -tUipodnaostn"e ) acquiosfFi itnitoIennl dlPiiriaxv aLtiem ited Thisi sp urstuota hnpetr oviosfRi eognusl 3a0ta inoodtn h aeprp lirceagubllaeot fi otnhse Listing Regulaatniidcno onnst,in oufao tueirao rnal nnioeurn cedmaetJneuntd1es 2 2 ,0 2a5n,Od c to1b72e,0r 2 5. Wew isthoi nformy otuh IaCtRA L imi(tteh"deC ompahnayas"c )q utihrreee dm ain1i.n2g5 % sharehoFlidnitInengldP liriiainx Lv iamtie(t "eFdi ntfoeral c loinxs"i)do,efINR r a3t.ic1or7no t roedsa y. Fnitehlalbsie xc oawm heo llys-uobwsnieoddfti hCareoy m paannidyts su bsihdaivbaeer cioesmste e p­ down wholsluyb-soiowdftni heaedri eCso wmipethaff nefryco,tm t oday. Plefiansadet tadcehteiadtni h laesnn extutorhi els e ttdeirs,c pluorssetudRoa e ngtu l3a0ot fti hoLeni sting RegulraetwaiidoCt nlhsa 1u soef PParaaAr o tAfS cohfe illd uotlfheL e i sRteignugl aantAnndie oxnusr e 18o ft hmea stceirrc ubleaarrr ienfegr ennucmebS eErB I/ HO/49/14/14P(O7D)/22 025 - CFD - I/376d2a/t2Je0ad2n 6u3 a02ry,0 2i6s sbuyte hdSe e curainEtdxi cehsBa onagorefd l n(d"iSaE BI"). Kintdaltkyhe ae b oovnre e cord. Regards, Sincerely, (SS.h akRaehmba n) CompaSneyc r&eC toamrpyl Oifafincceer EncAlsa. b:o ve BuilNdoi8.n,2 gn dF loToorw,Ae r Tel:+. 9 .11 24.4545300 Websi:wt wew .icra.in DLFCyberPChiatsIyeI, CI:NL 74999DL1991PLC0427E4m9a il:i nfo@icraindia.com Helpd+e9s1k.:9 354738909 Gurug-r1a2m2 0H0a2r,y ana RegistOefrf:eiB dc e7-10S,t atesman1 4H8Bo,au rsaek,h RaomabNdae, w D el-h1i1 00T0e1l.: +91.11.23357940-41 RATING • RESEARCH • INFORMATION 152384 ICRA Annexure Discloofisn uforrem aptiuorns tuoRa engtu l3a0ot fti hoLeni stRienggu larteiawodin tCshl auosfe 1 ParAao fP arAto fS cheIdIIuo lfte hL ei stRienggu laatnAidno nnesx 1u8or fte h mea stceirr cular bearrienfge nruemnbcSeeEr B HI/O /49/14/-1C4F(D-P7 O)D2/2I0 /2357 6d2a/t2Je0ad2n 6u 3a0ry, 202i6s sbuye dS EBI S.NoP.artiocfDu ilsacrlso sure Description 1. Namoeft htea regnettdi ettyia,nbi rlisFe ifn teIlnldPiirxai vLaitmei (t"eFd intae llix"), sucahss izteurn,o veetrc . compainnyc orpuonrdatethrCee od m paAncite,s 1956h,a vicnogrp oriadteen tifincuamtbieorn U72200KA2006PTC038764. TurnofovreF rY2 6IN:R 9 3c.r3o re 2. Whethtehrea cquiswiotuilfaodln lF intiesalr leilxap taertbdye ,i ans gu bsiodfiary withrienl aptaerttdyr ansaacntdiI oCnRA(L si)m i(t"eIdC RA"). whetthheperr omoptreorm/og treoru p/ grocuopm pahnaivaeensi y n teirtneh set entbietiyan cgq uiIrfye edsn?,a toufr e intearneddse ttt ahielrse of and whether thsea mieds o nae"t arm 'lse ngth" 3. Industtowry h icthh ee ntibteyi nSgo ftwparroed &us cetrvsi ces aqcuirbeedl ongs 4. Objeacntdsi mpaocfta cquisFiotlilootnwh iaincsgq uiFsiinttiweoilnbll,eli c xo ame (inclbuudntio lntig m ittode,id s clwohsoulorlweyn s eudb siodfiIaCryR A ofr easfooran csq uiosfti atriegonentt i ty, iift bsu siinoseu stsst ihmdeae il ni onfe busionfte hslesi setnetdi ty) 5. Brideeft aoifal nsyg overnmenotrNa olg overnmeonrrt eaglu laaptporryio srv eaqlu ired regulaaptpororvyra elqsu foirrt ehdefo rt haicsq uisition. aqcuisition 6. Indictaitmpieev refoi roc do mploeftTiheo anc quisiisct oinotni nugpeosnnut c cessful thaeqcu isition execuotfti htoern a nsbaytc htdeipeo osni tories. 7. Consider-atwihoent hcears Thhceo nsidhearbsae tepinao iinndc ash considoersr haartseiw oaonpra noyt her form andde toafti hlsesa me 8. Cosotfa cquiasnidtt/ihoopernr iacteINR 3.1c7r orfoers a cquisoift1 i.o2n5 % whitchhse h aarreaescu qired shareghi oFnli dnitnellix. ICRA 9. Perceonfst haager eh/o lcdoinTnthgare co qlu irseiptrieaos ne1 n.st2hs5a %r ehoonlding acquainr/deo drn umboefsr h arae fusl ldyi lubtaescdio sm,p r6i2s,i5ne0gq0 u ity acquired shaorfINRe s1 0e ach. 10. Bribeafc kgraobuontudhte e n tiFtiyn twealisln icxo rpoonMr aart1ce7h2d, 0 0a6n,d acquiintr eermdos fp roducotfsi h/sel aidnqeu iaBnrte enrgeadl uru, Karnataka, India. busineascsq uirdeadt,eo f incorpohriasttoiofolr nay3,sy te aFrisn teplrloidxu,cc otam- plasenpdye ,c iianl irisseks, turnovceoru,n mt ryw hicthh es upervainsddoa ryat,na a lsyotliucotsffi eoornnesd, acqueinrtehidatp syr esaennadcn eyi tpsr oprdiaepttlaaa ryt form. othseirg nificant( ibinrin efof)rmation TurnofovreF rY2 6INR: 93c.r3o re TurnovfoerrF Y2 5INR: 80c.r3o re TurnofovreF rY2 4INR: 74c.r7o re