Online gaming firm Games24x7 is set to acquire a minority stake in stock broking company Wiseowl Securities, the parent entity of Butterfly Broking (TIQS), according to regulatory filings accessed by Entrackr.
The board of Games24x7 has passed a special resolution to approve the purchase of a 24% stake in Wiseowl Securities for Rs 9.1 crore, filings sourced from the Registrar of Companies (RoC) show.
Games24x7 has also secured board approval to extend a short-term loan of Rs 18 crore to Wiseowl Securities, as per filings.
Wiseowl Securities operates a…

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