Acquisitions12 May 2026, 05:51 pm
Krystal Integrated Acquires Citelum India for ₹10,000
AI Summary
Krystal Integrated Services Ltd has entered into a Share Purchase Agreement on May 12, 2026, to acquire 100% equity shares of Citelum India Private Limited (CIPL) from M/s. Citelum and Mr. Frederic BELLOY. The acquisition involves 5,00,00,000 equity shares, representing the entire paid-up share capital and voting rights of CIPL. Upon completion, Citelum India will become a wholly-owned subsidiary of Krystal Integrated Services. The aggregate consideration for the acquisition is ₹10,000, subject to adjustments as per the SPA terms.
Key Highlights
- Krystal Integrated to acquire 100% of Citelum India Private Limited.
- Share Purchase Agreement executed on May 12, 2026.
- Acquisition involves 5,00,00,000 equity shares of Citelum India.
- Citelum India will become a wholly-owned subsidiary post-acquisition.
- Consideration for acquisition is ₹10,000, subject to adjustments.