Announced Fri, 11 Sept · 20:21 IST
Board approves sale of Woovly India investment for about Rs 14.58 crore
XELPMOC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Xelpmoc Design & Tech's Board and Audit Committee approved the sale of equity shares held in Woovly India Private Limited for a total consideration of Rs 14,58,36,810 (about Rs 14.58 crore). The price is based on a valuation report obtained from a registered valuer. Woovly India is described as the investee company in this transaction.
Likely market impact
Shareholders should note this investment divestment. The Rs 14.58 crore inflow could bolster cash reserves. No impact on core operations stated.