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Majesco Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition

| Updated on August 02, 2019 Published on August 02, 2019

In continuation to our earlier letter dated November 28, 2018, regarding intimation of execution of Material Definitive Agreement to acquire shares of Exaxe Holdings Limited, Ireland, by Majesco, USA, subsidiary of the Company, we hereby inform you that on August 1, 2019, Majesco, USA has acquired remaining 10% Securities of Exaxe Holdings Limited, Ireland, for a consideration of Euro 0.72 Million, as per agreed terms of Share Purchase Agreement dated November 27, 2018.

Accordingly, Exaxe Holdings Limited, Ireland has become a wholly-owned direct subsidiary of Majesco, USA and step-down subsidiary of the Company.

Pdf Link: Majesco Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition

Source : BSE - www.bseindia.com

Published on August 02, 2019
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