Interups Inc (ITUP)

[adijas]

8k out

As of July 8, 2020, Registrant is in negotiations with Akasam Consulting, Pvt. Ltd. (“Akasam”), a Category I Merchant Banker registered with the Securities and Exchange Board of India (“SEBI”) with regards to the Registrant’s potential acquisition of 74% to 80% of equity in the firm for the purposes of developing a merchant banking presence in India. This is the first in a series of steps Registrant intends to take towards establishing a comprehensive range of financial services as relevant to establishing an integrated global wealth management/ investment advisory/ investment banking practice. With this aim, Registrant is additionally working to develop, establish and/or acquire Alternative Investment Fund (“AIF”), Foreign Portfolio Investor (“FPI”), and Escrow capabilities. Registrant has begun developing relationships with service providers with these listed competences and is very hopeful of optimizing revenue and costs as these services gradually become its in-house competence and consumption for the Registrant.