Globalspace Technologies: Announcement under Regulation 30 (LODR)-Diversification / Disinvestment | Value Research
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Globalspace Technologies: Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

In compliance with Regulation 30 read with Schedule III Part A Para A of SEBI (LODR) Regulations 2015 we wish to inform you that Globalspace Technologies Limited (the Company) had entered agreement with M/s. MAKEBOT ROBOTIC SOLUTIONS PRIVATE LIMITED (the Acquirer) and in accordance with the same the company has transferred its shareholding held in Makebot Robotic Solutions Private Limited (MRSPL) the subsidiary of the company to the acquirer subject to obtaining all applicable regulatory approvals. On completion of the aforesaid transaction the company has transferred its 20.83% shareholding to the acquirer with balance 19.16% stake to be held by the company owing to the same MRSPL has ceased to be subsidiary of the company.Details as required under SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 are given below as Annexure I.You are requested to take the above on your record.

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