We want to inform the Exchanges that the Company has signed a Letter of Intent (LOI) to acquire a US-based digital audio company via an asset purchase transaction to tap the rapidly growing audio advertising market.The name of the target company has been kept confidential in light of the confidentiality clause of the LOI. A definitive agreement will follow after completing the confirmatory business legal and financial due diligence.This announcement complies with Regulation 30 of SEBI (LODR) Regulations 2015 and kindly note the same.
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