Acquisitions28 Feb 2024, 10:11 pm
Zodiac Clothing Company Limited Acquires 100% Stake in Zela Technologies Inc.
AI Summary
Zodiac Clothing Company Limited has acquired 100% equity stake in Zela Technologies, Inc., a Delaware, USA-based technology and e-commerce company, for USD 40 million. The acquisition is a related party transaction and is intended to help the company develop technology products and expand its business into the international market.,
Key Highlights
- Acquisition of 100% stake in Zela Technologies, Inc.
- Expansion into technology and e-commerce
- Related party transaction
- USD 40 million consideration