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 to acquire 100% of ValueFirst Middle East FZC (VF FZC) through its subsidiary, Karix Mobile FZ LLC. The acquisition, valued at AED 58.25 million (INR 148.52 Crore), includes cash consideration and assumption of liabilities. VF FZC operates in the CPaaS services sector and has subsidiaries in UAE, Saudi Arabia, and Indonesia. This move aims to expand Tanla's market access and customer base. The transaction is expected to be completed by Q2 FY27.
Key Highlights
- Tanla Platforms to acquire 100% of ValueFirst Middle East FZC.
- Acquisition cost is AED 58.25 million (INR 148.52 Crore).
- Deal includes cash payment and assumption of liabilities.
- Acquisition aims to expand market access and customer base.
- Completion expected by Q2 FY27.
Price Impact
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