Others

Acquisition

| Updated on January 31, 2018 Published on November 14, 2017

Calsoft board Approved the signed Memorandum of Understanding (MoU) to acquire a majority stake in Singapore based Cordite PTE Ltd which owns Infinia Services and Solutions DMCC (Infinia, www.infiniasns.com) providing E commerce IT solutions. This acquisition makes Calsoft as global leadership in the space of loyalty management and digital solutions. Consideration for the acquisition might be in cash, share or combination of both and thereby making Infinia as Calsofts subsidiary. This acquisition is subject to satisfactory completion of due diligence, reference checks, internal approvals and all regulators. Currently Infinia operates in over 35 countries including Middle East, Africa, South Asia and South-East Asia regions. Infinas has consolidated revenue of 15 million USD as on 31 Dec 2016.

Pdf Link: Acquisition

Source : BSE - www.bseindia.com

Published on November 14, 2017
This article is closed for comments.
Please Email the Editor