Deals11 Sept 2025, 06:34 pm
String Metaverse Ltd Sells Wholly-Owned Subsidiary to Axill LLC for $2,08,995
AI Summary
String Metaverse Limited has entered into a Share Purchase Agreement on 11th September, 2025, for the sale of its entire shareholding in String AI IFSC Private Limited (formerly Kling Blockchain IFSC Private Limited) to Axill LLC, a US-based company. The transaction is equivalent to USD 2,08,995 and the subsidiary has ceased to be a part of the Company from the same date. The subsidiary contributed 1.58% of the consolidated revenue and 5.39% of the consolidated net worth of String Metaverse Limited for the year ended 31st March, 2025.
Key Highlights
- String Metaverse Ltd sells its entire shareholding in String AI IFSC Private Limited to Axill LLC for $2,08,995.
- The subsidiary, String AI IFSC Private Limited, has ceased to be a part of String Metaverse Ltd from 11th September, 2025.
- The subsidiary contributed 1.58% of the consolidated revenue and 5.39% of the consolidated net worth of String Metaverse Limited for the year ended 31st March, 2025.