Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sastasundar Ventures has informed that it enclosed the details of the transaction pertainingto: (a) sale of shares of a step-down subsidiary (i.e., subsidiary of a subsidiary) of the Company by its subsidiary; and (b) issuance of shares by a step-down subsidiary of the Company. Sastasundar Healthbuddy (SHBL), a subsidiary of the Company, has entered into a share subscription and purchase agreement dated 19th November, 2021 and a shareholders’ agreement, (collectively, the ‘Definitive Agreements’) dated 19th November, 2021 with Flipkart Health, pursuant to SHBL’s divestment of its equity holding in Sastasundar Marketplace Limited (SML), a wholly owned subsidiary of SHBL. Consequent to the above-mentioned proposed transaction, SML will cease to be a step-down subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
