News Orders & Deals Pine Labs Subsidiary Brokentusk Technologies Completes ₹13.90 Crore Acquisition of Agya TechnologiesPine Labs Subsidiary Brokentusk Technologies Completes ₹13.90 Crore Acquisition of Agya Technologies
Pine Labs' subsidiary Brokentusk Technologies has completed the acquisition of 100% stake in Agya Technologies for ₹13.90 crore. The transaction received RBI approval, demonstrating regulatory compliance and represents Pine Labs' strategic expansion through its subsidiary network.
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Pine Labs has successfully completed a strategic acquisition through its subsidiary Brokentusk Technologies, which has acquired the complete stake in Agya Technologies. The transaction, valued at ₹13.90 crore, has received the necessary regulatory approval from the Reserve Bank of India (RBI).
Transaction Details
The acquisition represents a 100% stake purchase, giving Pine Labs complete control over Agya Technologies' operations and assets. The deal structure demonstrates Pine Labs' strategic approach to expansion through its subsidiary network.
| Parameter: | Details |
|---|---|
| Acquiring Entity: | Brokentusk Technologies (Pine Labs subsidiary) |
| Target Company: | Agya Technologies |
| Transaction Value: | ₹13.90 crore |
| Stake Acquired: | 100% |
| Regulatory Status: | RBI-approved |
Regulatory Compliance
The transaction has received approval from the Reserve Bank of India, ensuring full regulatory compliance for the acquisition. This approval underscores the legitimacy and strategic value of the deal within India's financial services regulatory framework.
Strategic Implications
This acquisition marks another step in Pine Labs' expansion strategy, utilizing its subsidiary structure to diversify its business portfolio. The complete stake acquisition provides Pine Labs with full operational control over Agya Technologies, enabling seamless integration of services and operations.
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