CIEL Limited (MUSE:CIEL.N0000) acquired 4.44% stake in CIEL Textile Limited (MUSE:FKL.I0000) from minority shareholders for approximately MUR 200 million on May 14, 2019. CIEL Limited acquired 4.51 million ordinary shares of no par value of CIEL Textile Limited for a consideration of MUR 44 per share, made up of 50% consideration in cash and 50% in ordinary shares of no par value of CIEL Limited, being MUR 22 in cash and 15 million ordinary shares of no par value of CIEL Limited (issued out of existing treasury shares and based on CIEL Limited price of MUR 6.60) for every CIEL Textile Limited ordinary no par value share. Following this transaction, CIEL Limited’s shareholding in CTL has increased to 92.92%. CIEL Limited (MUSE:CIEL.N0000) completed the acquisition of 4.44% stake in CIEL Textile Limited (MUSE:FKL.I0000) from minority shareholders for approximately MUR 200 million on May 14, 2019.