Fortune Financial Services (India) Limited : +91-22-4027 3600 REQD. OFFICE : 2105, Naman Midtown, +91-22-4027 3700 ‘AWing, Senapati Bapat Marg, www.fortune.co.in Elphinstone Road (West), Mumbai - 400 015. L65910MIH1991 PLCO62067 Email: admin@ffsil.com 0" March, 2016 The BSE Limited PJ. Tower Dalal Street, Fort, Mumbai Subject : Acquisition of equity shares of Kohinoor India Reinsurance Company Limited and United Petro Finance Limited Dear Sir ‘terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2076 we “orein belovr give the details of the acquisition of shares of Kohinoor India Reinsurance Company Limite anc nies Petro Finance Limited a8 per share purchase agreements entered in to by our Company with each 9! ‘hese entities on 30" March, 2016, Sr. | Particulare ] No details in brief such as size, | Company Limited (KIRCL) | (UPFL) turnover year ended 31% March, 2015 is | 31" March, 2015 is Rs. 93.61 lakhs | (Rs. 0.42) lakhs } | | Dees eae | fall within related party | | Sa eae ‘and whether the same is done Industry to which the entity | Reinsurance (Business will | NBFG —Loan Company | at‘arms length’. | being acquired belongs commence only after receipt of | bes license from IRDA) ae 4 eet a ygeteets OF | Upon receipt of the license | The Fortune Group avoady rong, 1, scene of sends ener to buses | accion il hel In expan | | reasons for acquisition of | of reinsurance through this | this line of business. | get ently, i ts business is | subsidiary company, outside the main. Ine of | business of the listed entity) |FORTUNE FINANCIAL SERVICE (INDIA) LIMITED Continuation Sheet No. 5 Brief details of any governmental or regulatory | approvals required for the | acquisition “Indicative completion of the acquisition cm time period for acquisition of the shares of the KIRCL. However, KIRCL has made an application with IRDA for issue of license for carrying Of reinsurance business, The commencement of reinsurance business will be done only after IRDA, 30" March, 2076 receipt of the license from A ee No approval is required for the | Approval pot required ashe] acquisition is less than 26% as RBI NBFC Regulations. 30" March, 2076 Nature of consideration - whether cash consideration or | share swap and details of the Cash Cash same _ 8 | Gost of acquisition or the price | 80,000 equiy shares of Rs. | 5,00,000 equity sharse of RSTO | at which “the shares are 10/- each fully paid | each foly, tard aggregating to Rs, quired aggregating to Rs. 8,00,000/- 50,00,000/- Percentage of shareholding 7 control acquired and / or ___| number of shares acquired 80% 25% | Bist, background ‘about ‘the | Producisfine | Reinsurance | Producialine of | NBFG engaged ih entity acquired in terms of | of business business granting produets/ine of business | | unsecured acquired date of | | business toans _ incorporation, history of last 3 [Date of | 06/082014 Date of | 31/08/1996 years tumover, country in | incorporation incorporation | oe which the acquired entity has | History of last) 2078 Ni | History of last 3 | 2075 presence and any other|3" years years turnover | Rs.28.02 Lakhs _ | significant “information (in | turnover Dia NA 2014 brief) Rs. 2.42 Lakhs _ 2013 NA) 2013, ‘Country india Country | ‘Any other] NA ‘Any other WA significant significant aol L information information __| - ‘ingly take the above on record and acknowledge receipt. Thanking you Yours faithfully For Fortune Financial Servi UL SE-AS (i Haroon Mansui Company Secretary dia) Limited