Sterling Biotech : Liquidation

STERLINGBIOTECH

1 AY

Ad,
i
Date:	22/04/2022
To,	To,
BSE	Limited

I

Limited

Listing Department

Phiroze Jeejecbhoy Tower, Dalal Street, Fort,

Mumbai - 400001

Mumbai	400051
Scrip	Symbol	STERLINBIO
ISIN

-

Code - 512299

- INE324C01038

LIMITED

PASPLOU SS

Regd,Otlice

4 Atlante

B

Nariman Polat, Murbaled

Abd

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bray.

é

@

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National

Stock

Exchange

Exchange Plaza, 5" Floor, Plot No. C-1, Block G,

of India

BandraKurla Complex, Bandra East,

-

ISIN - INE324C01038

Subject:; Intimation of Liquidation Process as per the requirement of Regulation 30 ofthe Securities Requirements)

Dear Sir/Madam,

and Exchange Board Regulations, 2015.

of India

(Listing

Obligations

and

Disclosure

At the outset this is with reference to the Sale of Sterling Biotech Limited as a whole, on a going concern basis on an "as is where is", "as is what is" "as is how is" and on a "without

recourse basis". As informed earlier, the e-auction was held on 04.04.2022

Inc. has been declared as the Successful Bidder on Process Document, a Letter of Intent was issued by Successful Bidder) on 05.04.2022. The Successful issued by the Liquidator.

Bidder
be noted	that	an	amount
Crore	Sixty

In furtherance to this, it may kindly One Hundred and Twenty-Seven

and	Day
04.04.2022.	As	the	terms	of	the
the Liquidator	to	Day	Inc	(the

per

Perfect

Perfect has accepted the Letter of Intent

of Rs.127,60,00,001.00 (Rupees

Lakhs and One) has been paid by the

Successful Bidder towards the upfront payment (being 20% of total consideration) in terms of

the	dated 31.03.2022.
You	requested	same	on records and oblige.
You.

are

Process Document Version 2.5

Thanking

Yours Sincerely,

to take the

For Sterling Biotech Limited (Under Liquidation)

Digitally signed by MAMTA

MAMTA

BINANI

egos 202.0422 1400041 +05'30'

Dr. (h.c.) Adv MamtaBinani Liquidator of Sterling Biotech Limited

Corp,

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