Sept 13, 2018 (LBO) – Janashakthi PLC acquired 31.14 percent in Dunamis Capital PLC, Dunamis Capital said in a stock exchange filing.
Accordingly, a total of 38,294,562 ordinary shares in Dunamis Capital has been purchased at a price of 36.60 rupees per share.
Janashakthi PLC now owns a total of 50,595,736 shares in Dunamis representing 41.14 percent of the voting rights of Dunamis.
Janashakthi said a mandatory offer will be made to the remaining shareholders of Dunamis to acquire the ordinary shares held by such shareholders in Dunamis.
|Shareholder||Number of Shares||Percentage|
|First Capital Markets Limited/Next Ventures Limited||19,244,562||15.65%|
|People’s Leasing and Finance PLC/Mr. D. Schaffter||19,050,000||15.49%|
C T A Schaffter (Director of Janashakthi) is the father and P A Schaffter & R Schaffter (Shareholders and Directors of Janashakthi) are the brothers of D Schaffter (Seller and Director of Nextventures) and M Mathews (Director of Nextventures).