Jagsonpal Services to Acquire Elanistech for ₹10 Cr

Jagsonpal Services Limited announced a revised outcome of its Board meeting held on September 29, 2026, approving the acquisition of software platform, assets, brands, IP, and human resources from Elanistech Private Limited for a cash 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 tentatively expected to be completed within three months. Notably, the acquisition involves a related party, as the Chairman, Managing Director & CFO of Jagsonpal Services is also a Director and shareholder in Elanistech.