Rose Merc Ltd to Acquire 30% Stake in Virtual Gain Technologies Pvt Ltd for INR 15 Crore

Rose Merc Ltd has executed a non-binding Letter of Intent (LOI) to acquire 30% of the issued and paid-up share capital of Virtual Gain Technologies Private Limited (VGTPL). The deal is subject to satisfactory due diligence, regulatory approvals, and the execution of a Share Purchase Agreement. VGTPL is a leading technology company in the digital commerce and financial services sector, with a focus on payment aggregators and e-commerce solutions. The acquisition is expected to strengthen Rose Merc's presence in the e-commerce and digital technology space.