HGS : STEP-DOWN SUBSIDIARY DIVESTS HOLDINGS IN BHIMA RIDDHI, VINSAT

• IndusInd Media & Communications Limited (IMCL), a subsidiary of Hinduja Global Solutions Limited, has approved the divestment of its entire shareholding in Bhima Riddhi Infotainment Private Limited and Vinsat Digital Private Limited. • Bhima Riddhi and Vinsat will cease to be step-down subsidiaries of HGS upon completion of the sale. • The divestment of Bhima Riddhi involves sale of 51% shares for ₹16 crore, including transfer of 30.60% shares to buyers for ₹6 crore and 20.40% shares via buyback for ₹4 crore, with remaining ₹6 crore from set-top box sale. • The divestment of Vinsat involves sale of 51.15% shares for ₹7.17 crore. • The buyers in the Bhima Riddhi divestment are existing shareholders and do not belong to the promoter/group companies. • The buyer in the Vinsat divestment is an existing shareholder and does not belong to the promoter/group companies. Impact: Neutral (Divestment of non-core step-down subsidiaries to improve focus and potentially unlock value)

Hinduja Global Solutions Limited

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