Friday, July 23, 2021 9:03:11 PM
Interups and its shareholders will now have two publicly listed companies in India as part of their shareholding - we are yet to determine how this should be - either direct or through Interups Inc.
Gayatri is a solid company from a solid family with 59 years of company life. The other company is currently with no operations but a listed public entity with a very small equity base. We plan making this into a core investment company (CIC).
Shareholders of ITUP will have shares into these two companies either directly or through Interups.
While Gayatri is a substantial acquisition of shares the other listed entity we plan using it as the nucleus point in India to inflow money and segment into various acquisitions / financial verticals. Further, CIC holds one 100% subsidiary in Singapore and we plan using this as the base company for inviting capital from FCG Group.
Gayatri, once cleared of debts, offers huge upscale potential and holds almost $2.5 to $3 Billion EPC projects on hands. CIC will invest into core financial and wealth management verticals and shall assume the customer database that ITUP acquires on account of its investments/substantial acquisitions into Farming, Airlines, Real Estate and Infrastructure...
Both the companies are listed companies in India and their shares that we shall be owning shall be listed on US OTC for trading which will help ITUP Shareholders to have entry exit in US itself...
Laxmi Prasad
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