OK Play India Limited approves IPO of OK Play Auto Pvt Ltd

The Board of Directors of OK Play India Limited (in its capacity as the Holding company and the Promoter) and Board of Directors of OK Play Auto Private Limited (OKPA), in their respective meetings held today i.e. July,10 2024 have considered and granted its confirmation / approval for OKPA to initiate an initial public offer process, by way of fresh issue /offer of sale of such number of equity shares as may be offered by certain existing and eligible shareholders of OKPA in the IPO, in accordance with applicable laws.

The actual timing and implementation of the IPO will be subject to the determination of the Company's and OKPA's respective boards, after considering the prevailing market conditions and other relevant factors and at such price determined in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Source : Equity Bulls

Keywords

OKPlayIndia OKPlayAuto FundRaising IPO