Acquisitions29 May 2025, 10:07 pm
Onelife Capital Advisors Ltd. Approves Acquisition of Step-Down Subsidiaries for INR 25 Crores
AI Summary
Onelife Capital Advisors Ltd. has approved the acquisition of 100% equity shares of Dealmoney Real Estate Private Limited and Dealmoney Distribution & E-Marketing Private Limited, currently wholly owned subsidiaries of Dealmoney Commodities Private Limited, for a total consideration of INR 25 Crores. This decision was made at the Board of Directors meeting held on May 29, 2025, and is subject to shareholders' approval. The transaction is a related party transaction, with the company belonging to the promoter group. The acquisition is based on a valuation report received from the 'arm's length' Registered Valuer.
Key Highlights
- Onelife Capital Advisors Ltd. to acquire 100% equity shares of two step-down subsidiaries.
- The total consideration for the acquisition is INR 25 Crores.
- The transaction is a related party transaction with the company belonging to the promoter group.
- The acquisition is based on a valuation report from the 'arm's length' Registered Valuer.
- The decision is subject to shareholders' approval.