Agreement to acquire further 10% equity stake in Nauyaan Shipyard Private Limited

Agreement to acquire further 10% equity stake in Nauyaan Shipyard Private Limited. Limited (WCL) to acquire from WCL further 10% equity stake in Nauyaan Shipyard Private Limited. (NSPL), a 74% step-down subsidiary of the Company, for an aggregate consideration of Rs. 51.72.

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