Tanla Platforms Limited — JV/Acquisition, 24-04-2025: Amalgamation/Merger

Karix Mobile Private Limited is merging with its step-down subsidiary, Gamooga Softtech Private Limited, in a strategic move to consolidate operations and enhance efficiencies. Karix, with a turnover of ₹2,333.87 crore, focuses on communication solutions, while Gamooga, generating ₹46.19 crore, specializes in marketing automation and customer engagement. The merger aims to streamline the group structure, reduce costs, and improve compliance. No cash consideration is involved, as Gamooga is wholly owned by Karix; upon effective date, Gamooga's shares held by Karix will be canceled, creating potential operational synergies and value enhancement for shareholders.