Crizac Revises Acquisition Deal, Consideration Reduced by ₹1.03 Lakhs

Crizac Limited has announced a revision to its proposed acquisition of Compulsory Convertible Preference Shares (CCPS) in Edument Consultancy Private Limited. One shareholder of Edument has withdrawn consent for the sale of 107 CCPS, valued at ₹1,03,654. Consequently, this portion of the acquisition will not proceed, and the amount paid has been refunded. The total transaction consideration is now revised to ₹1,23,73,290 from ₹1,24,76,944. Post-transaction, Crizac's holding in Edument is expected to be approximately 36.80% of the fully diluted share capital, a slight decrease from the previously anticipated 37.41%. All other aspects of the transaction remain unchanged.