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Acquisitions9 Nov 2026, 03:09 pm

Novus Loyalty approves Autope acquisition via share swap

AI Summary

Novus Loyalty Ltd's Board of Directors has approved the acquisition of shares in Autope Payment Solutions Limited through a share swap arrangement. The company will issue 929,500 equity shares to acquire 286,617 equity shares of Autope Payment Solutions Limited at an agreed value of ₹648.60 per equity share. The Board also approved convening an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for this acquisition and a consequential preferential allotment of equity shares. The meeting was held on November 9, 2026.

Key Highlights

  • Novus Loyalty approves acquisition of Autope Payment Solutions.
  • Acquisition to be completed via share swap arrangement.
  • 929,500 equity shares to be issued for the acquisition.
  • EGM to be convened for shareholder approval.
  • Preferential allotment of equity shares also approved.