Sale1 Jul 2025, 08:21 pm
Megasoft Ltd. Announces Sale of 36.52% Stake in Extrovis AG, Switzerland for INR 128.40 Crores
AI Summary
Megasoft Ltd. held a Board Meeting on July 1, 2025, where it disclosed the sale of its 36.52% stake in Extrovis AG, Switzerland. The sale is expected to bring in approximately INR 128.40 Crores, subject to foreign exchange fluctuations. The Sale Agreement/Share Purchase Agreement is yet to be executed, and the company will seek shareholder approval through a postal ballot. The sale is not part of a scheme of arrangement and does not involve any related party transactions.
Key Highlights
- Megasoft Ltd. to sell its 36.52% stake in Extrovis AG, Switzerland
- Transaction expected to bring in approximately INR 128.40 Crores
- Sale Agreement/Share Purchase Agreement yet to be executed
- Company to seek shareholder approval through a postal ballot
- Sale not part of a scheme of arrangement or related party transaction