PureSoftware Technologies, with a paid-up capital of Rs 3.23 crores and a turnover of Rs 351 crores for fiscal 2024, will be acquired through an upfront cash consideration of Rs 635 crores.
The acquisition, executed through a share purchase agreement, will see Happiest Minds obtaining 100 percent equity interest in PureSoftware, thereby making it a wholly-owned subsidiary of the company
Happiest Minds Acquires PureSoftware Technologies: Leading IT company Happiest Minds Technologies on Thursday said it has acquired Noida-based PureSoftware Technologies for $94.5 million (Rs 779 crore).
The total purchase consideration comprises upfront payment of Rs 635 crore on closing and deferred payment of up to Rs 144 crore payable at the end of 2024-25, on achievement of set performance targets