Investment1 Oct 2026, 07:00 pm
OPOSL Increases Stake in Subsidiary OPO Tech Lab by 2.75%
AI Summary
One Point One Solutions Ltd (OPOSL) has subscribed to 74,480 equity shares of its subsidiary, One Point One Technology Labs Private Limited (OPO Tech Lab), at an issue price of INR 3,467.10 per share. The total consideration amounted to INR 25,82,29,608/-. This subscription was made on a private placement basis and was settled through the extinguishment of outstanding liabilities owed by the subsidiary to the parent company. Consequently, OPOSL's shareholding in OPO Tech Lab has increased by 2.75%, rising from 60.00% to 62.75%. This transaction represents an investment in a subsidiary, strengthening OPOSL's control and stake in its technology arm.
Key Highlights
- OPOSL subscribed to 74,480 equity shares in OPO Tech Lab.
- Total consideration for the shares was ₹25,82,29,608.
- Transaction settled via extinguishment of subsidiary's liability.
- OPOSL's stake in OPO Tech Lab increased by 2.75% to 62.75%.