Acquisitions6 Oct 2025, 07:43 pm
Soma Papers & Industries Acquires KS Smart Solutions for Rs. 48,73,79,200
AI Summary
Soma Papers & Industries Ltd. has completed the acquisition of KS Smart Solutions Private Limited for a total consideration of Rs. 48,73,79,200. The acquisition was done through a share swap, with Soma Papers issuing 4,87,37,920 equity shares of Rs. 10/- each to the shareholders of KS Smart Solutions. The acquisition is strategically aimed at expanding Soma Papers' presence in the B2G sector and enhancing its capabilities in technology and IT-enabled services.
Key Highlights
- Acquisition of KS Smart Solutions Private Limited by Soma Papers & Industries Ltd.
- Total consideration of Rs. 48,73,79,200 for 100% equity stake in KS Smart Solutions.
- Expansion of Soma Papers' presence in the B2G sector and IT-enabled services.
- Issuance of 4,87,37,920 equity shares of Rs. 10/- each to the shareholders of KS Smart Solutions.
- KS Smart Solutions is a technology innovation company with a turnover of 269,655.55 lakhs for the financial year 2024-25.