BSL Infrastructure to Acquire 26.00% Stake in P.M. Telelinnks for INR 178.39 Million

BSL Infrastructure Limited has entered into a Share Purchase Agreement with the promoters and promoter group of P.M. Telelinnks Limited to acquire 48.03% stake in the company. The acquisition price is INR 3.00,00,145/- (Indian Rupees Three Crore and One Hundred Forty-Five Only) for 48,38,733 (Forty-Eight Lakhs Thirty-Eight Thousand Seven Hundred and Thirty-Three) fully paid-up equity shares. Post this acquisition, BSL Infrastructure has announced an open offer to acquire up to 26,19,500 (Twenty-Six Lakh Nineteen Thousand and Five Hundred) equity shares representing 26.00% of the voting share capital from the public shareholders of P.M. Telelinnks at an offer price of INR 26.81/- per offer share. The offer is payable in cash, assuming full acceptance, and will aggregate to a maximum consideration of INR 1,78,38,795/-.