Kore Digital Limited — Board Meeting, 31-12-2024: Outcome of Board Meeting

The Board has announced a board meeting where it approved the acquisition of 98% equity shares in three entities: Franken Telecom Private Limited, KDL Realinfra Private Limited, and Wolter Infratech Private Limited, making them subsidiary companies. Each acquisition involves a cash investment of approximately ₹49,000 (0.49 Cr) for Franken, ₹98,000 (0.98 Cr) for KDL Realinfra, and ₹49,000 (0.49 Cr) for Wolter Infratech. These strategic moves aim to enhance operational capabilities and increase efficiency in their respective sectors.