Acquisition of 26% of the issued and paid up equity share capital in Xanatech

acquisition of 26% of the issued and paid up equity share capital in Xanatech. Post the acquisition of equity shares in Xanatech. Synergies Private Limited is a Wholly owned subsidiary of Marine Electricals.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date