Corporate News 10-Jun-22
Aurionpro Solutions acquires stake in SC Soft
Making it a wholly owned subsidiary
Aurionpro has increase in its stake in SC Soft Pte Ltd (SC Soft) upto 90% with a commitment to complete acquisition of balance 10% by December 31, 2022. This increase in stake enables complete management control and integration of SC Soft with Aurionpro. The deal is valued at US$ 4.99 Million (approximately INR 38 Crores). Further, Aurionpro has also invested in Aurionpro Toshi Automatic Systems Pvt Ltd. (ATASPL) and will complete acquisition of 51% stake therein by the end of this month. All these acquisitions will be funded through internal accruals.
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