Subsidiary FTSPL to buy additional 1.45 percent stake in Ticker Ltd for about Rs 70 cr

Listed Co AcquisitionStrategic Transactions View source PDF

63MOONS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹735.00

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AI summary

Board of 63 Moons approved its wholly owned Singapore subsidiary FTSPL subscribing to 2.59 crore equity shares of Ticker Ltd (another subsidiary) at Rs 27 per share, totaling about Rs 70 crores via preferential issue. FTSPL currently holds 0.45 percent in Ticker and will hold around 1.90 percent post deal. No change in control. Ticker is in tech, with FY26 turnover of Rs 27 lakhs and PAT loss of Rs 35.81 crores on networth of Rs 201 crores. Subject to shareholder approval via postal ballot.

Likely market impact

Internal group restructuring with cash infusion into subsidiary. Minor 1.45 percent stake increase, no control change. Pending shareholder nod.