Xelpmoc Design and Tech has received an approval for investment in securities of Firstsense Technology (FTPL), in one or more tranches. Looking at the concept and future prospect of the FTPL, the Board of the directors of the Company on recommendation of the Audit Committee has decided to acquire Compulsorily Convertible Preference Shares (CCPS) of FTPL. Transaction is expected to be completed by end of September 2022. Total cost of acquisition is Rs 24.99 lakh i.e 6,443 CCPS of face value of Rs 1 each at an issue price of Rs 388 per share. The recommendation of Audit Committee, the Board at their meeting held on July 06, 2022, has considered, and approved the same.
Xelpmoc Design and Tech is a provider of professional and technical consulting services, offering technology services and end-to-end technology solutions and support.
