Xpro India Limited has completed the disposal of its investment in Xpro Global Limited (XGL), a wholly-owned subsidiary, transferring its shares to Intellipro Finance Pvt Ltd on September 30, 2024. With this transfer, XGL is no longer a subsidiary of Xpro India Limited.
Details of the Transfer:
- Completion Date: September 30, 2024
- Acquirer: Intellipro Finance Pvt Ltd
- Status: XGL ceases to be a subsidiary of Xpro India Limited post-transfer.
Regulatory Disclosures:
This transaction aligns with the disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was initially intimated to the regulatory authorities on July 26, 2024. The full details of the transfer were disclosed in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The transfer marks a significant change in the ownership structure of XGL, with all necessary formalities now completed.
