Relic Technologies has approved the proposal to acquire an equity stake of 69.50% in Truhealthy Wellness (TWPL). It is proposed to acquire 6,950 equity shares of face value Rs 10 each equivalent to 69.50% of the total issued and paid-up equity share capital of TWPL. Post-acquisition Truhealthy Wellness would become a subsidiary of the Company with 69.50% shares held by the Company. The company is intending to expand the scope of its business and tap new market opportunities.
Relic Technologies is engaged in the financial services activities like syndication of bill discounting, intercorporate deposit and stock brokerage activities.
