Transcorp International has informed that the Board of Directors has approved and accept Letter of offer of right issue to make investment by way of acquiring equity shares of Wholly Owned Subsidiaries aggregating to Rs 6 Lakhs in Transcorp Payments and Rs 6 Lakhs in Transwire Forex. Transcorp Payments and Transwire Forex will further utilize the fund for day to day operations, subsidiary required disclosure in prescribed format under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 will be made.
The above information is a part of company’s filings submitted to BSE.
