Xelpmoc Design And Tech Limited — Updates, 18-04-2025: Press Release

The Board of Xelpmoc Design and Tech Limited has approved a partial sale of its investment in Mihup Communications Private Limited for Rs. 100 million. This transaction involves the transfer of 11,782 Series Seed CCPS shares at a price of Rs. 8,487.32 per share. The company's MD & CEO, Sandipan Chattopadhyay, expressed enthusiasm, highlighting this as a landmark transaction that aligns with their strategy of exiting startups after a targeted seven-year holding period. The proceeds from this sale will primarily support organic growth and fuel investments in areas such as Artificial Intelligence (AI), Machine Learning (ML), and data sciences. This initiative positions Xelpmoc for potential growth as it seeks to leverage its expertise in technology services and solutions. The sale underscores the company’s commitment to strategic capital allocation and an innovation-led approach, which may further enhance shareholder value.