Subex Ltd Announces Voluntary Liquidation of SAASPL

Subex Limited has announced the voluntary liquidation of its wholly-owned subsidiary, Subex Account Aggregator Services Private Limited (SAASPL), subject to regulatory approvals. This decision follows the surrender of SAASPL's in-principle approval from the RBI for account aggregator services, which had not commenced operations. The liquidation is expected to have no material impact on Subex's consolidated financials, as SAASPL was not a significant contributor. Subex remains focused on its core IT services business, with a market capitalization of approximately ₹682.27 crore as of recent trading sessions.

 

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