Varanium Cloud to acquire shares from Fastway Transmissions
The acquisition will be worth Rs 2,683 crore
Varanium Cloud Ltd. will be acquiring up to 14,53,44,256 equity shares with a face of Rs 10 each from Fastway Transmissions Private Limited. The total purchase consideration will amount to Rs 2,683 crore.
As per the company, the consideration payable shall be discharged by way of consideration in cash, the company's statement said.
The acquisition will be subject to execution of the Share Purchase Agreement and other related definitive documents.
