StockWatch
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Computers - Software & Consulting
Investment7 Sept 2026, 06:30 pm

63 Moons Technologies Invests ₹70 Cr in Subsidiary Ticker Ltd

AI Summary

63 Moons Technologies Ltd announced an investment of ₹70 crores into its wholly owned overseas subsidiary, Financial Technologies Singapore Pte Ltd (FTSPL). FTSPL, in turn, subscribed to 2,59,25,926 equity shares of Ticker Ltd, an Indian unlisted public company and subsidiary of 63 Moons. This preferential allotment, completed on September 04, 2026, was for deploying surplus treasury funds. Post-allotment, 63 Moons' effective shareholding in Ticker Ltd remains at 65.80%, with no change in control. The transaction is considered a material related party transaction conducted on an arm's length basis and was approved by shareholders.

Key Highlights

  • 63 Moons invested ₹70 Cr via its subsidiary FTSPL into Ticker Ltd.
  • Investment aims to deploy surplus treasury funds.
  • Shareholding in Ticker Ltd remains at 65.80% post-investment.
  • Transaction is a material related party transaction at arm's length.
  • No change in control of Ticker Ltd resulted from this investment.