@Nikhil Sahoo Appreciate your time and patience in this matter!
"Sharing the solution suggested by support team with broader community"
Support team cancelled the subscription in question and advised:
To activate the subscription on a different account. To add the other account in the Visual Studio portal, add your alternate email address and activate the subscription using the below steps.
Identities for Visual Studio subscribers | Microsoft Learn
Visual Studio subscriptions available in the Microsoft Store | Microsoft Learn
Hope this helps other community members!
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