
Joint Venture15 Jun 2024, 04:33 pm
Response Informatics Ltd Enters Non-Binding Term Sheet with AI & Blockchain Firm
AI Summary
Response Informatics Ltd has announced entering into a Non-Binding Term Sheet with an Artificial Intelligence (AI) and Blockchain Focused Solutions and Development Company. The implementation of the Term Sheet, entering into a binding agreement, and the resulting acquisition of stake is subject to completion of legal, financial, business, and commercial due diligence. The trading window for dealing in the securities of the Company is closed for all designated persons, their immediate relatives, and all the connected persons covered under the Code till the completion of due diligence. The PAN of all the Designated Persons (DPs) and their immediate relatives has been frozen during the period of trading window closure.
Key Highlights
- Response Informatics Ltd enters a Non-Binding Term Sheet with an AI and Blockchain Firm
- Implementation of Term Sheet subject to completion of due diligence
- Trading window closed for designated persons, their immediate relatives, and connected persons till due diligence completion
- PAN of Designated Persons and their immediate relatives frozen during trading window closure