Investment30 Mar 2026, 06:21 pm
Hilltone Software and Gases Ltd. Eyes 5% Stake in RZOLUT TECHNOLOGIES PTE. LTD., Renews License for Rs. 43.89 Lacs
AI Summary
Hilltone Software and Gases Ltd. announced a proposed investment in RZOLUT TECHNOLOGIES PTE. LTD., a Singapore and India-based company specializing in data products for risk and compliance. The investment would amount to approximately 5% of Rzolut's stake, subject to acceptable valuation and due diligence. The IT division of Hilltone has also reported success, having renewed a Rs. 43.89 lacs application license for a subsidiary of a large Indian Bank and carried out updating and migration of base software for Versante Health, a prominent health insurance company from the USA.
Key Highlights
- Hilltone Software and Gases Ltd. proposes to invest in RZOLUT TECHNOLOGIES PTE. LTD., a Singapore and India-based company.
- The investment would amount to approximately 5% of Rzolut's stake, subject to acceptable valuation and due diligence.
- Hilltone's IT division has renewed a Rs. 43.89 lacs application license for a subsidiary of a large Indian Bank.
- The IT division has also carried out updating and migration of base software for Versante Health, a prominent health insurance company from the USA.
- The proposed investment in Rzolut is expected to add to Hilltone's valuation and boost its IT vertical.
Price Impact
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