Soma Papers & Industries Invests in Wholly Owned Subsidiary KS Smart Solutions Private Limited

Soma Papers & Industries Ltd has made a further investment in its wholly owned subsidiary, KS Smart Solutions Private Limited (KSSPL). KSSPL, incorporated on 28th April 2016, is a technology company offering end-to-end IT solutions across hardware, software, and emerging technologies. The acquisition is strategically aimed at expanding KSSPL's presence in the B2G (Business-to-Government) sector, particularly in areas such as surveillance systems and edutech solutions. The Company has acquired 100% equity stake in KSSPL, comprising 36,062 equity shares of Rs. 10/- each, upon closing of the transaction. KSSPL is engaged in the business of technology innovation offering end-to-end IT solutions in Hardware, Software, Skill Development trainings and providing skilled manpower, providing smartphones and tablets with value added services and emerging technology solutions in the fields of augmented reality, virtual reality, entertainment, edutainment, smart city e-commerce, retailing, digital marketing for multiple segment of customers. The acquisition cost is INR 125.51 crs approx.