IKIO Technologies Acquires 88% Stake in Gravus Tech for INR 10 Per Share

IKIO Technologies Ltd. has announced that its wholly owned subsidiary, IKIO Solutions Private Limited (ISPL), has entered into a Share Purchase Agreement to acquire 88% equity shareholding in Gravus Tech Private Limited. Gravus Tech, a newly incorporated private limited company in India, is involved in the marketing of electronic goods, parts, gadgets, instruments, and appliances. The acquisition is expected to benefit the IKIO Group with Gravus's marketing expertise, supporting and strengthening the marketing and distribution of IKIO Group's products. The acquisition is priced at INR 10 per equity share. Gravus Tech will be utilized for marketing and distribution of IKIO Group products, thereby supporting business expansion and increasing market reach for the Group.