Aricent Technology (Holding) Limited has sent a postal ballot notice to all the shareholders of the company for approval of the following items.
Item1. Approval for Amalgamation of Aricent Technologies Private Limited with Aricent Technologies (Holdings) Limited.
Aricent Technologies Private Limited (Transferor Company)
The Transferor Company bearing Corporate Identification Number (“CIN”) U72200DL2005PTC309736 is a company incorporated in 2005, under the name of “Techforce Engineering Services Private Limited”. Subsequently, in 2009, the name was changed to “Smartplay Technologies (India) Private Limited”. Further, in 2016, the name of the company was changed to “Aricent Technologies Private Limited”.
Aricent Technologies (Holding) Limited (Transferee)
The Transferee Company, currently bearing CIN U72100DL2006PLC149728, is a company in 2006 (previously bearing CIN U65993DL2006PLC149728), as a public limited company under the name and style of “Kappa Investment Limited”. Subsequently, in 2007, the name of the Transferee Company was changed to “Aricent Technologies (Holding) Limited”
Important Note
No new shares of the Transferee Company are required to be issued or allotted since the entire share capital of the Transferor Company is held by Transferee Company and on the scheme coming into effect; such entire share capital of the Transferor Company will be canceled.
Item2: Approval to provide loan/financing assistance to employees to subscribe to Capgemini SE Employee Stock Ownership Plan, 2020 (“CAPGEMINI ESOP 2020”).
Capgemini SE acquired Altran Technologies S.A. at a global level in the first half of the calendar year 2020. Altran Group is now part of the Capgemini Group and consequently, all Altran entities are now part of the Capgemini group including Aricent Technology (Holding) Company.
ESOP Scheme
Capgemini Group has proposed ESOP schemes for its employees to acquire shares of Capgemini SE. Now as Capgemini SE acquired Altran Technologies S.A, the Indian employees working in Altran technology(Holding) Company are also eligible to buy shares of Capgemini SE shares.
Capgemini SE shares are listed on France Exchange. The shares will be given a 12.5% discount on reference price. The reference price will be calculated on an average price of Capgemini SE share traded at the Euronext Paris stock exchange over 20 consecutive trading days (tentatively from 8 October 2020 to November 4, 2020).
These ESOP's shares can not be transferred.
UnlistedZone View
The step to amalgamate holding company and a wholly-owned subsidiary is a welcome step as this will make synergy among the companies and reduce the compliances. The ESOP plan for Indian employees of Aricent Technology would be a golden chance to acquire Capgemini SE shares listed in France to have global exposure in their portfolio. Capgemini will give loans as well to the employees to purchase ESOP shares.
Postal Notice