Merger announced
As filed · Updates
What happened
FactCorporate Office: 3rd Floor, Tower No. 1, IT/ITES SEZ of Artha Infratech Pvt. Ltd, Plot No. 21. and unsecured creditors, for the purpose of considering and approving the said Scheme. 100% of secured creditors have filed affidavits conveying consent to the Scheme.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedOur average deal sizes have certainly grown. We are currently almost 2x of what we used to be 12 to 18 months ago from an average deal size perspective.
We hope that as we continue on this journey, that we can increase it further, and we can get to 2.5x or 3x of what we used to be.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
- Update on Composite Scheme of Amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited and their respective Shareholders and Creditors.(opens the original filing in a new tab)
- Earlier statement · Q3 FY25
- Latest statement · Q3 FY25
- Earlier statement · Q3 FY25
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%