Stay updated with breaking news from Puresoftware Technologies Private. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PureSoftware Technologies, with a paid-up capital of Rs 3.23 crores and a turnover of Rs 351 crores for fiscal 2024, will be acquired through an upfront cash consideration of Rs 635 crores.
The acquisition, executed through a share purchase agreement, will see Happiest Minds obtaining 100 percent equity interest in PureSoftware, thereby making it a wholly-owned subsidiary of the company
Happiest Minds stated in a news statement that in addition, a deferred consideration of up to ₹144 Crores will be payable at the end of FY25.
The firm announced upfront payment of Rs 635 Crores at closing, with a potential additional Rs 144 Crores upon meeting FY25 performance targets. The acquisition is expected to close by May 31.
Happiest Minds Technologies Limited, IT Company, today announced it signed definitive agreements to acquire 100 per cent of the equity share capital of PureSoftware Technologies Private Limited., Companies News - Times Now