Rose Merc to acquire 30.01% stake in Virtual Gain for ₹1 Cr

Rose Merc Ltd has signed a Share Subscription Agreement (SSA) to acquire a 30.01% stake in Virtual Gain Technologies Private Limited for ₹1,00,00,000. This strategic acquisition involves subscribing to 4,288 equity shares at an issue price of ₹2,332 per share. Virtual Gain, incorporated in 2017, operates in the fintech sector, developing an online platform for virtual digital assets, digital payments, P2P payments, and E-wallet services. The acquisition aims to facilitate Rose Merc's entry into the Indian fintech sector and establish its own fintech division, subject to necessary authorizations. The transaction is not a related party deal, and Rose Merc plans to appoint majority directors to Virtual's board. Virtual's turnover has shown significant growth, reaching ₹98.88 Lacs in FY25.