Capgemini which has recently announced its acquisition plans for buying stakes in Aricent Technology (Holdings) Limited is conducting a postal ballot for taking approval of shareholders for the same.
Below are the two important items that are to be a part of the postal ballot.
1. Approval for the acquisition of shares of Aricent Technologies (Holdings) Limited from Aricent Holdings Mauritius Ltd.
Capgemini is buying 10,54,29,478 Equity Shares held through a depository representing 80.36% of the Share Capital and having a face value of INR 10/- each of Aricent Technologies (Holdings) Limited (“ATHL”) from Aricent Holdings Mauritius Ltd (“Seller”) for INR 3518,35,77,481 at a price of INR 333.7167 per Equity Share.
2. Approval for the acquisition of shares of Aricent Technologies (Holdings) Limited from Aricent Holdings Mauritius India Ltd.
Capgemini is buying 2,34,76,578 Equity Shares held through a depository representing 17.89% of the Share Capital and having a face value of INR 10/- each of Aricent Technologies (Holdings) Limited (“ATHL”) from Aricent Holdings Mauritius Ltd (“Seller”) for INR 783,45,26,137 at a price of INR 333.7167 per Equity Share.
UnlistedZone Take
If you see the below shareholding pattern of the Aricent Technologies(Holding) Limited, you will find that Capgemini has purchased majority shares and only minority shares are left.
a) Aricent Holdings Mauritius India Ltd = 17.89% -
[purchasing in the deal]
b) Aricent Holding = 80.36% -
[purchasing in the deal]
c) Minority Shareholders = 1.75% -
[will be left after an acquisition]
Now, after this acquisition, only minority shareholders will be left in the company. We at UnlistedZone are in the view that Capgemini will soon buyback the left-out shares in Aricent Technology (Holding) Limited. In the last 2 years, in the unlisted market, the Aricent Technology (Holdings) Limited was sold by UnlistedZone in the price range of 135-175 per share. The value at which Capgemini is buying the shares from the majority shareholders is at Rs.333 per share. Therefore, the minority shareholders are sitting on more than 100% appreciation of their invested amount. This is how wealth is created by wisely investing in the top companies which are not in the limelight of media houses.
Postal Ballot Notice