Zensar Technologies Limited has informed the Exchange regarding Investor Presentation
Off Nagar Road, Pune 411014, India. Tel: +91 (20) 6607 4000, 27004000 Fax: +91 (20) 6605 7888, CIN: U72200PN1963PLC012621
Registered Office : Zensar Technologies Limited Zensar Knoewledge Park, Plot No. 4, MIDC Kharadi,
Date: January 22, 2019
BSE Limited Corporate Service Department, 01st Floor, P. J. Towers, Dalal Street, Mumbai 400 001
The National Stock Exchange of India Ltd. Exchange Plaza, 03rd floor, Plot No. C/1, ‘G’ block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051
Fax: (022) 2272 2039/2272 3121
Fax: (022) 26598237/26598238
Scrip ID: ZENSARTECH Scrip Code: 504067
Symbol: ZENSARTECH Series: EQ
Dear Sir(s),
RE:
Disclosure pursuant to Regulation 30(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With reference to the disclosure dated January 22, 2019, please find enclosed herewith the investor presentation.
Kindly take the same on record.
Thanking you, Yours sincerely,
Encl:. As above
www.zensar.com
Zensar Technologies Limited Divestment of ROW Business –22ndJanuary, 2019
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Zensar Technologies divests ROW business
Business divested
Zensar is divesting: • Business comprising clients headquartered in India (‘India business’) • Shares held in wholly owned subsidiaries which are operating businesses in
Australia and Middle East
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Mode of Divestment
• India business is being sold as a going concern on slump sale basis • Sale of shares held by Zensar in wholly owned subsidiaries which are operating
businesses in Australia and Middle East
Details of acquirer
The acquirer is an Indian subsidiary of First-Tek, a US based IT services and products company
Rationale of Divestment
• This divestment is in line with Zensar’s commitment to focus and invest in its
core markets of the US, Europe and South Africa
• The divestment will enable growth of India, Australia and Middle East businesses by a player with strong business plan for these regions
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Details of Businesses Divested
Details
Amounts
Consideration amount
Revenues till H1 FY19
Revenues for FY18
GM% for FY18
EBITDA % for FY18
Upfront consideration of approx INR 17.50 crores subject to fulfilment of closing conditions, exchange rate fluctuations and upward working capital adjustments as mutually agreed between the parties to the transaction.
Contingent consideration upto INR 8.45 crores - contingent upon exchange rate fluctuations, closing conditions and payment milestones as agreed between the parties for the sale / disposal.
Approx. INR 33 Crs
Approx. INR 76 Crs
~19.88%
~11.66%
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