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Xchanging Solutions receives approval for voluntarily liquidation of wholly owned subsidiary

 

Xchanging Solutions has received approval for voluntarily liquidation of Xchanging Solutions (Europe) (XSEL), a Wholly Owned Subsidiary of the company. XSEL does not undertake any operations as on date and does not provide any revenue to its holding company. Accordingly, the company has decided to liquidate XSEL for commercial reasons. The Board of Directors of the Company at its meeting held on May 23, 2019 has approved the same.

Xchanging Solutions is engaged in business process outsourcing and information technology services.

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