Equippp Social Impact Technologies Acquires 65% Stake in EquiPPP Inc. for Global Expansion

Equippp Social Impact Technologies Ltd has acquired 65% equity shares in EquiPPP Inc., a U.S. entity, for the advancement of its business to offer various services, including EQUIPPP IP-led services and IT services, in global markets such as the USA. This acquisition makes EquiPPP Inc. a foreign subsidiary of Equippp Social Impact Technologies Ltd. The acquisition is strategic in nature and aims to ensure brand uniformity. EquiPPP Inc. was originally incorporated in October 2017 by the promoter group and has a paid-up share capital of USD 15 divided into 1500 Equity Shares of USD 0.01 Each. The consideration for the acquisition is 27.86 USD (par value) for 2786 shares.