Acquisitions6 Feb 2026, 06:02 pm
Methodhub Software Ltd. to Acquire 60% Stake in Sewtech Inc. for INR 240 Million
AI Summary
Methodhub Software Ltd. has approved the acquisition of 60% equity stake in Sewtech Inc., a company incorporated in Florida, USA, from Idea Scaler Holdings LLC. The acquisition will be for a total consideration of USD 2.66 million (approximately INR 240 million), which will be paid in cash for purchasing 6,000 equity shares. The acquisition is expected to be completed within 30 days.
Key Highlights
- Methodhub Software Ltd. to acquire 60% equity stake in Sewtech Inc.
- Total consideration of USD 2.66 million (approximately INR 240 million)
- Payment to be made in cash for purchasing 6,000 equity shares
- Acquisition to be completed within 30 days
- Sewtech Inc. is incorporated in Florida, USA and has a step-down subsidiary in Thailand