Pursuant to Regulation 30 of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, we inform you that Ras Cities And Townships Private Limited, a step-down wholly-owned subsidiary of the Company ('RCTPL') entered into a Memorandum of Understanding dated 13th May, 2022 with the Promoters of Sony Mony Developers Private Limited ('SMDPL') to acquire 10,000 equity shares of Rs.10/- each of SMDPL, being 100% of total paid-up capital of SMDPL.
Upon completion of the said acquisition, SMDPL shall become a step-down wholly-owned subsidiary of the Company.
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