Iris Business Services Limited — Important, 01-08-2025: General Updates

IRIS Business Services has completed the transfer of its GST ASP Services Business to its subsidiary, IRIS Logix Solutions. This slump sale, valued at ₹140.57 Cr, is a crucial step in the company's broader divestment strategy involving Sovos Compliance Limited. The transaction follows earlier phases, including acquiring a minority stake in IRIS Logix and Sovos's initial investment. This move streamlines IRIS's operations, completing the strategic divestment of the GST ASP segment.