City Pulse Multiplex Ltd to acquire Aileensoul Technologies Pvt Ltd

The Board of Directors of City Pulse Multiplex Limited considered and approved the resolution to acquire 100% shares of M/s Aileensoul Technologies Private Limited (ATPL) through swap of shares in the ratio of 1:735. Every shareholder of ATPL holding 1 equity shares of Rs. 10/- each fully paid up will be issued and allotted 735 equity shares of CPML of Rs. 10/- each fully paid up.

Upon completion of the Transaction, the Company, ATPL will become the Wholly Owned Subsidiary of CPML.

Further, upon completion of the Transaction, the Company will be able to develop and extend its main line of business through forward integration.

Source : Equity Bulls

Keywords

CityPulseMultiplex Acquisition AileensoulTechnologies