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Alankit Ltd ( Other Diversified Financial Services)Last traded on( 10/Jul/2020)

Latest Price Information

Current Price
16.8
Previous Close
17.0
Open Price
16.55
High Price
17.15
Low Price
16.55
Close Price
16.8

Company Announcements

AnnouncementsDate
This is in furtherance to our letter dated 24th July 2019 wherein it was intended that the Company is proposing to acquire 1000000 equity shares at face value of Rs. 10 each of Alankit Insurance Brokers Limited representing Rs. 10000000 and constituting 100% of paid-up share capital of Alankit Insurance Brokers Limited subject to the approval of IRDA. We wish to inform that the Company has received approval from Insurance Regulatory and Development Authority of India (IRDAI) on 17.02.2020. Consequently Alankit Insurance Brokers Limited will become a wholly owned subsidiary of Alankit Limited18/Feb/2020
Reply to Clarification Sought ALANKIT: The Exchange had sought clarification from Alankit Limited with respect to announcement dated 24-Jul-2019, regarding Intimation of Proposed Acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify following: 1. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).2. Percentage of shareholding / control acquired and / or number of shares acquired;3. Nature of consideration - whether cash consideration or share swap and details of the same;4. Cost of acquisition or the price at which the shares are acquired;5. Indicative time period for completion of the acquisition;6. Brief details of any governmental or regulatory approvals required for the acquisition;7. Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);8. Industry to which the entity being acquired belongs;9. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length";10. Name of the target entity, details in brief such as size, turnover etc;The response of the Company is attached.02/Aug/2019
Clarification ALANKIT: The Exchange has sought clarification from Alankit Limited with respect to announcement dated 24-Jul-2019, regarding Intimation of Proposed Acquisition � under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify following: 1. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).26/Jul/2019
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