Panache Digilife Limited — JV/Acquisition, 21-01-2025: Acquisition

Panache Digilife Limited has completed the acquisition of a 40% stake in AIR Digilife Private Limited, which will become a wholly-owned subsidiary following this transaction. The acquisition aims to enhance the company's market presence and operational capabilities in the technology sector. The purchase price for this stake is Rs. 40,000. Additionally, the company approved an investment of up to Rs. 25 crores in its wholly-owned subsidiary, ICT Infratech Services Private Limited, to strategically revitalize its operations. This initiative reflects the company's commitment to driving growth and shareholder value through targeted investments.