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    Corporate Announcement
    Security Code : 532944    Company : ONMOBILE    
     
    Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseDownload PDF Download XBRL
      Exchange Received Time  04-10-2018 14:52:12         Exchange Disseminated Time   04-10-2018 14:52:20              Time Taken   00:00:08
    Clarification on Press Release 'OnMobile taps into bKash''s mobile wallet for growth" dated September 27, 2018

    With reference to the above and NSE e-mail dated October 01, 2018, we would like to clarify the following:

    1. Rationale: Expansion of business beyond telecom operators
    2. Mode of financing: Not much financing required for this business engagement with bKash. Any financing will be met through internal accruals
    3. Investment required: No major investment envisaged at this point of time
    4. Period within which the proposed capacity is to be added : Not relevant to OnMobile as the Company is not into manufacturing activity
    5. Proposed capacity addition: Not relevant to OnMobile as the Company is not into manufacturing activity
    6. Existing capacity utilization: Not relevant to OnMobile as the Company is not into manufacturing activity
    7. Existing capacity: Not relevant to OnMobile as the Company is not into manufacturing activity

    Requesting you to please take the same on record.

     

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