10.45 (0.89%) With reference to its earlier intimation dated November 9, 2023, regarding approval of the Board of Directors of the Company for the Strategic investment of 13% in N - Dream AG (N-Dream). Further on July 24, 2024, the company had informed about further acquisition of 13% shareholding in (N-Dream) to take the total shareholding of KPIT to 26% in N-Dream, a Cloud based Game Aggregation Platform company, based in Switzerland, with an option to increase the shareholding further. In this connection, KPIT Technologies has informed that the Company has acquired said additional 13% shareholding in N-Dream for cash consideration as below post completion of all closing conditions: • Euro 2.3 million as primary investment and • Euro 0.7 million as secondary investment. With this additional share purchase, KPIT continues to hold minority and non-controlling equity holding in N-Dream.
The above information is a part of company’s filings submitted to BSE.