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| Exchange Received Time 02/07/2018 18:29:36 Exchange Disseminated Time 02/07/2018 18:29:41 Time Taken 00:00:05 | This is to inform you that the Company's wholly owned subsidiary, Kelbuzz Trading Private Limited has informed that they have received a letter on 02.07.2018 from the Axis Bank dated 29.06.2018 that their debt in respect of various financial facility/ies granted by Axis Bank from time to time along with underlying financial documents together with right, benefits and obligation has been assigned to Asset Reconstruction Company (India) Ltd (ARCIL) vide Assignment agreement executed on June 27, 2018 between Axis Bank and ARCIL.
This is for your information and dissemination.
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