
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.
Price Impact
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