Acquisitions28 Jul 2026, 08:20 pm
Tanla Platforms Approves Acquisition of ValueFirst Middle East FZC
AI Summary
Tanla Platforms Limited's Board of Directors has approved the execution of a Share Purchase Agreement (SPA) for the acquisition of ValueFirst Middle East FZC (VF FZC) by its subsidiary, Karix Mobile FZ LLC. The acquisition involves purchasing 100% of VF FZC's paid-up share capital. VF FZC is a CPaaS service provider with operations in UAE, KSA, and Indonesia. The transaction, valued at AED 58.25 million (INR 148.52 Crore), is expected to enhance market access and administrative efficiency. The deal is anticipated to close by Q2 FY27. VF FZC reported a turnover of AED 75.5 million for FY 2025-26 and has a negative net worth as of March 31, 2026.
Key Highlights
- Tanla Platforms subsidiary to acquire 100% of ValueFirst Middle East FZC.
- Acquisition aims to expand market access and improve administrative efficiency.
- Transaction valued at AED 58.25 million (INR 148.52 Crore).
- Expected completion by Q2 FY27.
- VF FZC provides CPaaS services across multiple channels.
Price Impact
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