Acquisitions7 Jan 2026, 07:45 pm
Crizac Ltd. to Acquire 51.04% Stake in Global Tree Careers Pvt. Ltd.
AI Summary
Crizac Ltd. has announced its decision to acquire 51.04% of the equity share capital of Global Tree Careers Private Limited (GTCPL). The acquisition is part of Crizac's business expansion strategy and is subject to customary conditions precedent. Post-acquisition, GTCPL will become a subsidiary of Crizac Ltd. The acquisition consideration will be in the form of cash and share swap. The total consideration for 51.04% stake is INR 24,20,21,895 for primary infusion and the secondary purchase price will depend on GTCPL's future performance.
Key Highlights
- Crizac Ltd. to acquire 51.04% stake in Global Tree Careers Private Limited
- Acquisition is part of Crizac's business expansion strategy
- Total consideration for the acquisition is INR 24,20,21,895 for primary infusion
- Secondary purchase price will depend on GTCPL's future performance
- Post-acquisition, GTCPL will become a subsidiary of Crizac Ltd.