63 MOONS TECHNOLOGIES LIMITED 63 moons technologies limited informed by Ticker Limited (`Ticker'), a subsidiary of the Company, that it had incorporated a wholly owned subsidiary namely "THREE O VERSE GLOBAL IT SERVICES L.L.C" in Dubai, UAE and consequently it has become a step down subsidiary of the Company effective 14th October 2022. Name of the target entity, details in brief such as size, turnover etc.: THREE O VERSE GLOBAL IT SERVICES L.L.C. has been formed as a wholly owned subsidiary of Ticker Limited (`Ticker'), a subsidiary of 63 moons technologies limited (63 moons) Authorised Capital: 300 Equity Shares of 1,000 AED Each. Turnover, Size: Not Applicable since it is a newly incorporated company.
Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length": The initial subscription does fall within the purview of Related Party Transactions. The promoter/promoter group/group companies of the Company does not have any interest in THREE O VERSE GLOBAL IT SERVICES L.L.C. Industry to which the entity being acquired belongs Information Technology Solutions.
