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Xelpmoc Design and Tech Ltd.

BSE: 542367 Sector: IT
NSE: XELPMOC ISIN Code: INE01P501012
BSE 00:00 | 22 Mar 69.80 -1.05
(-1.48%)
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NSE 00:00 | 22 Mar 69.05 -0.45
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Xelpmoc Design And Tech Limited - Updates

March 14, 2019, 12:00 am | Source: NSE

Xelpmoc Design And Tech Limited has informed the Exchange regarding 'Please find below information:1. Xelpmoc Design & Tech Limited ( Xelpmoc ) is an investor and shareholder in Mihup Communications Private Limited ( Mihup ).2. On March 06, 2019, Mihup has concluded issuance of 76, 533 (seventy-six thousand five hundred and thirty-three) series A4 compulsorily convertible preference shares ( Series A4 CCPS ) on a private placement basis to Accel India IV (Mauritius) Ltd and Ideaspring Capital Future Now (collectively referred to as A4 Investors ) at an aggregate issue price of INR 1267.44 per Series A4 CCPS. The Series A4 CCPS issued and duly allotted to A4 Investors constitutes 20.18% of the Mihup s total shareholding calculated on a fully diluted basis.3. About Mihup: Mihup is dedicated to the development of a chat-based personal digital assistant with artificial intelligence and its application Mihup or May I Help You Please is powered by intelligent voice and caninterfaces on any device or application and can deliver a human-like understanding of naturally spoken queries for large, complex content domains. Available as either an on-premise solution or a cloud-based offering, MIHUP is built on Automatic Speech Recognition (Offline and Online) in Indian languages with an AI foundation for scale and reliability in Natural Language Processing (NLP) and Information Retrieval (IR). It is meant for enterprise developers to add customized voice interface for any device and application with full control over brand identity and privacy, and offer some smart solutions like below. Recently, Mihup emerged winners of the MyGoV Competition- a start-up idea competition organized by MyGov, an undertaking of Government of India.4. Considering above issuance, Xelpmoc currently holds 33,172 (thirty-three thousand one hundred and seventy-two) compulsorily convertible preference shares and constitutes 8.75% of Mihup s total shareholding calculated on a fully diluted basis.'.