Jagsonpal Services Acquires Elanistech for ₹10 Cr

Jagsonpal Services Limited has approved the acquisition of software platform, assets, brands, IP, and human resources from Elanistech Private Limited for a total consideration of ₹10 Crores. Elanistech Private Limited is involved in developing software for financial services and electronic payments. The acquisition is considered commercially beneficial, aligned with the company's strategic objectives, and expected to kickstart revenue generation. The transaction is a related party transaction as the promoter of Jagsonpal Services also has an interest in Elanistech. The acquisition is expected to be completed within three months.