Emami Infrastructure Limited (EIL) is one of the flagship companies of the Rs 3,050 Cr diversified Emami Group. It was incorporated on January 4, 2008, and is in the business of real estate. Its footprints are spanning across Chennai, Kolkata, Mumbai, Jhansi, Bhubaneshwar, Hyderabad, Coimbatore and Indore. The company is presently engaged in various projects through their subsidiaries and associates. The company has one material non-listed subsidiary company, namely Emami Realty Ltd and six non-material, non-listed subsidiary companies, namely Delta PV Pvt Ltd, Emami Constructions Pvt Ltd, Emami Ashiana Pvt Ltd, Octagon BPO Pvt Ltd, New Age Realty Pvt Ltd and Emami Rainbow Niketan Pvt Ltd. The Company is listed on BSE and NSE respectively and is enjoying a market cap of Rs 412 Crores. Its operations include identification and acquisition of land, planning, execution and marketing, of the projects including management of projects owned by other Landlords. EIL has also entered Joint Development Agreements (“JDA”) with other land owners, wherein EIL will get share in constructed area as part of consideration.

Zandu Realty Ltd (ZRL) is listed with BSE and NSE, having a market cap of Rs 111 Crores respectively. Emami Group acquired Zandu Pharmaceuticals Works Ltd in 2008. Post-acquisition, the pharma division was de-merged and vested with Emami-Limited. Thereafter, it was renamed as Zandu Realty Ltd. ZRL has emerged into Development agreement with Seth Corp Private Limited for construction of buildings for commercial use on its land at Dadar, Mumbai. As on 1st April, 2017, ZRL has certain unsold units as inventory. ZRL has also made investments in securities of listed/unlisted companies.

Transaction

ZRL is an associate company of EIL and both the companies are under the same management.

Amalgamation-Zandu-Realty-Emami-Infra-1

Consideration for Amalgamation of ZRL into and with EIL.

The consideration is fixed as EIL will issue and allot 7 equity shares of Rs 2/- each, to equity shareholders of ZRL, credited as fully paid-up, for every 1 equity share held by such shareholder in ZRL. Appointed date fixed is 1st April, 2017.

Shareholding Pattern

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