IB Infotech Enterprises to acquire 81% stake in Pearl Leisure Pvt Ltd

IB Infotech Enterprises Limited has agreed to subscribe to 202500 equity shares at a price of Rs. 10 /- per equity share which will be constituting to 81% of the total equity Share capital of Pearl Leisure Private Limited.

The Equity Shares will be acquired at a price of Rs. 10/- per equity share aggregating to Rs. 20,25,000/-.

Pearl Leisure Private Ltd, a private limited company having a paid up caital of Rs. 4,75,000 and turn over for the period ended 31st December, 2021 is appx Rs. 131.50 Lacs.

IB Infotech Enterprises Limited will manage the business of the acquired entity by providing their expertise and may earn the management fees subject to necessary approvals.

Shares of IB INFOTECH ENTERPRISES LTD. was last trading in BSE at Rs. 20.80 as compared to the previous close of Rs. 20.80. The total number of shares traded during the day was 100 in over 3 trades.

The stock hit an intraday high of Rs. 20.80 and intraday low of 20.80. The net turnover during the day was Rs. 2080.00.

Source : Equity Bulls

Keywords

IBINFOTECHENTERPRISES INE678B01021 StakeAcquisition PearlLeisure