Softbpo Global Services Ltd — Important, 01-01-1970: Company Update

Northvale Capital Partners, with other investors, is making an open offer to acquire up to 60,000 equity shares of Idream Film Infrastructure at ₹10 each, totaling ₹0.06 Cr. This is part of a takeover where the Acquirers will purchase a 60% stake from the existing promoter for ₹0.09 Cr. Concurrently, Idream’s Board has approved a large preferential issue of 27.04 Cr new shares, valued at ₹270.40 Cr. This massive capital infusion is primarily to acquire E-Tunnel Inc., a biometric authentication technology company valued at USD 31.70 million. This strategic shift transforms Idream, currently reporting minimal revenue (0.26 Lakh) and a net loss (10.13 Lakh), into a new-age biometrics player.