Deals3 Oct 2024, 11:57 pm
Aion-Tech Solutions Ltd Completes Share Purchase Agreement with Trentar Private Limited, Disinvesting Subsidiary Wowtruck Technologies
AI Summary
Aion-Tech Solutions Ltd has implemented a Share Purchase Agreement with Trentar Private Limited, receiving a total consideration of Rs.10 Crore. This agreement led to the disinvestment of their subsidiary, Wowtruck Technologies Private Limited. The transaction did not involve any related parties and was approved by members on 10th September, 2024.
Key Highlights
- Aion-Tech Solutions Ltd completed a Share Purchase Agreement with Trentar Private Limited, receiving a total consideration of Rs.10 Crore.
- The agreement resulted in the disinvestment of their subsidiary, Wowtruck Technologies Private Limited.
- The transaction did not involve any related parties.
- The sale was approved by members on 10th September, 2024 through a postal ballot.
- Wowtruck Technologies contributed 9% of the consolidated revenue and 0.86% of the consolidated net worth of the company in the last financial year.