Equippp Social Impact Technologies Limited at its board meeting held on January 9, 2024, approved the incorporation of a wholly owned subsidiary with the name "EQUIPPP DESI INVESTMENTS PRIVATE LTD" of the company with INR 400,000,000 as paid up capital. This entity is going to be positioned as a fund management company specializing in financing the capital requirements for social and infrastructure projects of Local Bodies and State Governments. Further, Shri Hemant Gupta, present BSE Social Stock Exchange Head and Former MD & CEO BSE Sammaan CSR Ltd. given charge to set up and lead this entity as MD and CEO.

Industry to which the entity being acquired belongs: Fund Management Activities, Management of other investment funds, Other Financial Service activities.