Monday, 2 February 2015

Bartleet Finance now Janashakthi subsidiary

Janashakthi Limited has purchased 6,639,998 ordinary voting shares of Bartleet Finance PLC, which is 86.79 per cent of the voting rights held by Bartleets Transcapital Limited, at a total price of Rs. 874,818,419.

Janashakthi Limited already held 993,749 ordinary voting shares of Bartleet Finance PLC (approximately 12.99% voting right) at the time of this acquisition on 22 January 2015.

According to the latest acquisition Janashakthi Limited holds approximately 99.78 per cent voting rights of Bartleet Finance PLC. Thus, Bartleet Finance PLC will be a subsidiary of Janashakthi Limited from 22 January 2015.
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