InfoBeans Techno. Ltd. - Reply to Clarification Sought

11 Feb 2022 , 12:00 AM

InfoBeans Techno. Ltd. with respect to announcement dated 27-Jan-2022, regarding outcome of its Board meeting held on January 27, 2022. On basis of above the Company was required to clarify following: 1. Brief details of change in shareholding pattern (if any) of listed entity. 2. Name of the entity (ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.; 3. Whether the transaction would fall within related party transactions? If yes, whether the same is done at arms length; 4. Area of business of the entity (ies); 5. Rationale for amalgamation/ merger; 6. In case of cash consideration amount or otherwise share entitlement/exchange ratio; The response of the Company is attached.