Interups Inc (ITUP)

[ktcougar]

New 8k out...
https://ih.advfn.com/stock-market/USOTC/interups-pk-ITUP/stock-news/83034619/current-report-filing-8-k

ITEM 8.01—OTHER EVENTS



Registrant is pleased to announce the following book of business that it is pursuing for the Financial Period June 1 2020 – May 31, 2021, some of which that it has been continuing to pursue from previous year’s efforts



1.
Air India 100% Acquisition Bid for and on behalf of its Non – Resident Indian customers;



2.
Air Asia 49% Equity for and on behalf of its Non-Resident Indian Customers;



3.
Hotel Claridges Acquisition as part of Medical Tourism InvIT (Due Diligence Work completed/ Registrant is reviewing the comments that it received from legal & Financial Team);



4.
Hotel Intercontinental, Mahabalipuram (100%) & Viceroy Hotels Ltd (51%) Acquisition towards Medical Tourism InvIT;



5.
Asian Color Coated Ispat Ltd - 100% acquisition Bid (Waiting for the Indian National Company Law Tribunal to pass Orders on Registrant’s request to participate in the Acquisition as a new Resolution Applicant);



6.
Reliance Naval & Engineering Company ltd - 100% Acquisition Bid – Registrant submitted its Preliminary Expression of Interest and waiting for next steps from the Resolution Professional;



7.
Lavasa Corporation – 100% acquisition bid – a 10,800 Acres City assumption that Registrant intends to win and develop as an Education City;



8.
Residential REIT – Registrant is in active negotiations with several builders and real estate developers to acquire Residential Blocks that have possibility to generate Rental, maintenance and service incomes; and



9.
Akasam Consulting Private Limited (‘Akasam’) – Registrant entered into terms with the Target Company for acquiring 89% of Akasam Equity - 49% for itself and remaining 40% as Equity for its founder members and other affiliate stakeholders whose equity is reportable by the Registrant as affiliate interest in its US filings. Akasam is a category 1 Merchant Banker Registered with the Securities Exchange Board of India. Registrant will invest INR 500 Million ($7 Million) into Akasam for Akasam to secure registration and licensing from the Securities Exchange Board of India for conducting full-fledged Financial Services Activities – Fund & non-fund based (Merchant Banking, Underwriting, Brokerage, Alternative Investment Fund, Wealth & Investment Advisory, Non-banking Financial and Core Investment Company) activities.