Singer India has informed that Retail Holdings (India) B.V. ('RHIB'), the Promoter Company of Singer India ('SIL') are currently holding 30,967,940 equity shares of SIL which constitutes 57.65% of the Company's total equity share capital. On 20th December 2021, Retails Holdings Asia B.V. (Parent company of RHIB) have informed the Company about two recent transactions wherein they have entered into agreement to sell their remaining holding at 57.6% in RHIB to two UK private equity investors which is anticipated to take place before the year end. The Current shareholding in SIL will continue to be held by RHIB which is 57.65%. However, following the closing of these two transactions, Singer India Limited will be owned by 42.35% by the Public, 24.3% by the existing private international investor, 19.1% and 14.2% respectively by the two new investors the latter three shareholdings indirectly held through Retail Holdings India B.V.
The above information is a part of company’s filings submitted to BSE.
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