Xelpmoc Design And Tech Approves Sale of Woovly India Investment for ₹14.58 Crore
Xelpmoc Design And Tech Limited's Audit Committee and Board have approved the sale of its investment in Woovly India Private Limited for a total consideration of ₹14.58 crore. This decision is based on a registered valuer's report.
The sale of an investment is a significant corporate action that could impact the company's financial structure and future strategy, warranting a medium impact.
The company is divesting an investment for a specific consideration, which is generally viewed positively as it can unlock value or allow for reallocation of capital.
Xelpmoc Design And Tech Limited has announced the approval of the sale and disposal of its investment in equity shares of Woovly India Private Limited. The decision was made by the Audit Committee and the Board of Directors of the company.
The total consideration for this sale has been set at ₹14,58,36,810, based on a valuation report obtained from a registered valuer.
This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Xelpmoc Design And Tech Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Xelpmoc Design And Tech Limited. Read the original for the full detail.