We refer to our intimation dated 28 February 2022 informing that the Company had entered into Share Purchase Agreement Share Subscription Agreement and Shareholders Agreement for acquisition of up to 43 972 equity shares and for subscribing up to 63 200 Series A Compulsorily Convertible Cumulative Preference Shares (CCCPS) of ZipZap Logistics Private Limited (Whizzard) in tranches (Acquisition) resulting in the Company holding in aggregate up to 60% of Share Capital of Whizzard on a fully diluted basis upon completion.In this connection we would like to inform you that the Company has today viz. Friday 8 April 2022 acquired 21 327 equity shares and subscribed to 31 600 CCCPS of Whizzard in aggregate constituting 36% of the Share Capital of Whizzard on a fully diluted basis. With this Whizzard becomes an Associate of the Company effective from 8 April 2022.Detailed disclosure in this regards is attached.
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