This has reference to our letter dated 05th March 2023 informing entering into definitive agreements with the founders of Think Analytics India Private Limited (TAIPL) and with TAIPL to make a strategic investment in TAIPL by way of a secondary acquisition amounting to 55.42% of the total paid-up share capital subject to the conditions set out in the definitive agreements referred above (Transaction). We would like to inform you that the Company has completed the said transaction today. Consequently TAIPL has become a Subsidiary of the company with effect from today. Think Analytics Consultancy Services Private Limited and Think360 AI Inc. subsidiaries of TAIPL will become step down subsidiaries of the Company.
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