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We refer to our intimation dated June 12, 2024, inter- alia with regard to the proposed acquisition by the Company, of the entire fully paid-up equity share capital of Moneygoals Solutions Limited (''MGSL'') from Times Internet Limited (''TIL'') and resultant acquisition of Banayantree Services Limited (''BTSL'' a wholly owned subsidiary of MGSL) by the Company, subject to necessary approval(s) of the regulatory authorities.
In this regard, we would like to update you that BTSL has received the necessary prior approval under Securities and Exchange Board of India (Stock Brokers) Regulations 1992, on Friday, January 10, 2025, for the aforesaid acquisition and change in control of MGSL(and resultant acquisition and change of control of BTSL) from TIL to the Company.
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