'under Regulation 30 of SEBI (ODR) Regulations, 2015 Acquisition of 88% equity shareholding in Gravus Tech…
As filed · IKIO: IKIO Technologies Limited has informed the Exchange 'under Regulation 30 of SEBI (ODR) Regulations, 2015 Acquisition of 88% equity shareholding in Gravus Tech Private Limited by ISPL (a wholly o
M&AWatchMajormateriality 82 out of 100
What happened
FactIKIO: IKIO Technologies Limited has informed the Exchange 'under Regulation 30 of SEBI (ODR) Regulations, 2015 Acquisition of 88% equity shareholding in Gravus Tech Private Limited by ISPL (a wholly owned subsidiary of the Company)'. Phiroze Jeejeebhoy Towers,. of the Company, has entered into a Share Purchase Agreement for the acquisition of 88% equity.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
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Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%