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Sequent Scientific - Carlyle Group takes over the control of the company

The Sale and Purchase Agreement (SPA) dated May 8, 2020 entered into between The Carlyle Group

The Sale and Purchase Agreement (SPA) dated May 8, 2020 entered into between The Carlyle Group - a NASDAQ listed global investment firm through its affiliate entity CA Harbor Investments (‘Acquirer’) with some of the existing promoters of SeQuent Scientific Limited, the Acquirer has agreed to purchase upto 131,675,636 Equity Shares of the Company at a price of INR 86/- from some of the existing promoters (sellers), which comprises of 53.02% of the voting share capital.

The first tranche of the above transaction consummated on August 17, 2020 with the Sellers transferring 25.20% of the paid-up equity share capital of the Company to the Acquirer as below:

  • Seller: Agnus Holdings Private Limited
  • Buyer: CA Harbor Investments
  • Shares: 58,806,705
  • Seller: Devicam Capital LLP
  • Buyer: CA Harbor Investments
  • Shares: 3,788,670

Total shares acquired: 6,25,95,375

With the above transfer, CA Harbor Investments (part of The Carlyle Group) has acquired control over the Company and has become a Promoter of the Company w.e.f. August 17, 2020.

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