Acquisitions2 Jun 2026, 12:26 pm
Rose Merc Executes Shareholders Agreement for 30.01% Stake in Virtual Gain
AI Summary
Rose Merc Limited has executed a Shareholders Agreement (SHA) with Virtual Gain Technologies Private Limited and its promoters. This follows the previously announced acquisition of a 30.01% stake in Virtual for ₹1,00,00,000. The agreement outlines the inter se rights and obligations of the shareholders, including board representation, anti-dilution rights, and reserved matters. Additionally, Amitkumar Singh, a promoter of Virtual, is proposed to join the Board of Directors of Rose Merc.
Key Highlights
- Rose Merc to acquire 30.01% stake in Virtual Gain Technologies for ₹1 crore.
- SHA establishes board appointment rights and anti-dilution protections for Rose Merc.
- Virtual promoter Amitkumar Singh to be appointed to the Board of Directors of Rose Merc.
- The transaction involves the subscription of 4,288 equity shares at ₹2,332 per share.
Price Impact
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