Acquisitions17 Oct 2025, 06:41 pm
Softtech Engineers Ltd. Cancels Proposed Acquisition of Eximietas Developer Private Limited
AI Summary
Softtech Engineers Ltd. has informed about the cancellation of the proposed acquisition of Eximietas Developer Private Limited (EDPL). The decision was made due to difficulties in completing the Share Purchase Agreement. The Share Purchase Agreement and Memorandum of Understanding have been terminated, resulting in the cancellation of the proposed acquisition. This cancellation does not entail any liability on the Company.
Key Highlights
- Softtech Engineers Ltd. cancels the proposed acquisition of Eximietas Developer Private Limited
- The cancellation is due to difficulties in completing the Share Purchase Agreement
- Share Purchase Agreement and Memorandum of Understanding have been terminated
- No liability on Softtech Engineers Ltd. due to cancellation
- The cancellation is in accordance with the Companies Act, 2013 and other applicable laws