63 Moons Subsidiary to Acquire Ticker Ltd Shares for ₹70 Cr

63 Moons Technologies Ltd announced that its Board of Directors has approved a material related party transaction. Financial Technologies Singapore Pte. Ltd. (FTSPL), a wholly-owned overseas subsidiary, will subscribe to 2,59,25,926 equity shares of Ticker Limited (Ticker), a subsidiary, at an issue price of ₹27 per share. This preferential issue amounts to approximately ₹70 Crores and is intended to deploy surplus treasury funds of FTSPL. The acquisition is subject to shareholder approval and is expected to be completed within three months. FTSPL currently holds a 0.45% stake in Ticker and will increase its shareholding by an additional 1.45% post-transaction, without any change in control.