Soma Papers & Industries Ltd to Acquire KS Smart Solutions Private Limited for Rs. 48,73,79,200

Soma Papers & Industries Ltd has announced its intention to acquire KS Smart Solutions Private Limited (KSSPL) for a total consideration of Rs. 48,73,79,200. KSSPL, incorporated in 2016, is a technology innovation company that offers end-to-end IT solutions across hardware, software, IT skill development, and emerging technologies. The acquisition is strategically aimed at expanding Soma's presence in the B2G sector and enhancing its capabilities in technology and IT-enabled services. The transaction is expected to be completed within 2 months, subject to regulatory approvals.