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| Exchange Received Time 04/10/2018 14:52:12 Exchange Disseminated Time 04/10/2018 14:52:19 Time Taken 00:00:07 | 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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