Galactico Corporate Services has acquired shares in Beembox Technologies (BTPL), resulting in an aggregate stake of 91.67% on a fully diluted basis in BTPL and this company has become Subsidiary of the company. The company has decided to enter into the fast-growing segment of fantasy games by acquiring controlling stake in BTPL. The cost of acquisition is Rs 55 lakh for 5,50,000 Compulsorily Convertible Debentures (CCDs) of Rs 10 each. The CCDs shall carry a coupon rate at the rate of 0.001% per year on face value per annum.
Galactico Corporate Services provides financial advisory services.
