Vuenow Infratech to Acquire 51% Stake in Mahakal Devcon for Rs. 3.99 Crore through Strategic Equity Swap

Vuenow Infratech Ltd. has announced the acquisition of 51% equity shares of M/s Mahakal Devcon Limited through an all-stock, strategic equity swap. The acquisition is expected to enhance Vuenow's capabilities to offer end-to-end solutions in data centers and data infrastructure. The deal is valued at Rs. 3.99 crore and is subject to shareholder and regulatory approvals. The company will issue up to 60,00,000 (Sixty Lakhs) fully paid-up equity shares of face value INR 10 each to the shareholders of Mahakal Devcon Limited. Vuenow has also appointed two additional non-executive independent directors and proposed to increase its authorized share capital.