STOCKWATCH

Inventurus Knowledge Solutions Ltd Invests USD 14.5 Million in Wholly Owned Subsidiary IKS Inc.

Inventurus Knowledge Solutions Ltd has made a further investment of USD 14,500,528 in Inventurus Knowledge Solutions, Inc. ('IKS Inc'), a wholly owned subsidiary. IKS Inc. is engaged in providing a care enablement platform which comprises of technology enabled solutions for healthcare providers. The transaction is on an arm’s length basis and IKS Inc. is a related party. The investment will be used for working capital and the cost of acquisition is USD 627.81 per share. IKS Inc. was incorporated in 2006 and has its principal place of business in the U.S. The revenue from operations for FY 2023-24 was 7,027.85 INR Mn.

• Inventurus Knowledge Solutions Ltd invests USD 14.5 Million in IKS Inc.
• IKS Inc. is a wholly owned subsidiary of the Company.
• Transaction is on an arm’s length basis.
• IKS Inc. is engaged in providing a care enablement platform.
• Cost of acquisition is USD 627.81 per share.