StockWatch
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Computers - Software & Consulting
Investment8 Jul 2026, 04:28 pm

63 Moons Subsidiary Invests ₹10.08 Cr in Step-Down Subsidiary

AI Summary

63 Moons Technologies Ltd announced that its subsidiary, Ticker Limited, has invested AED 38.43 Lakh (equivalent to ₹10.08 crores) in its wholly-owned step-down subsidiary, Three O Verse Global IT Services L.L.C., Dubai. The investment, made on July 06, 2026, involved allotting 3843 equity shares of AED 1000/- each to Ticker Limited. This capital infusion is intended to meet the working capital requirements of Three O Verse Global IT Services L.L.C., which focuses on global technology solutions. The transaction is considered an arm's length transaction and is exempted from related party transaction regulations as it involves a rights issue by a wholly-owned subsidiary.

Key Highlights

  • Ticker Limited invested ₹10.08 Cr in its step-down subsidiary.
  • Investment aims to meet working capital needs of Three O Verse Global.
  • Transaction is an arm's length, exempted related party transaction.
  • Three O Verse Global IT Services focuses on technology solutions.
  • Investment completed on July 06, 2026.