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TechnoPro of Japan to acquire 100% stake in Robosoft
August 11, 2021
The Udupi-based Robosoft Technologies Pvt Ltd, a leading provider of digital transformation solution for enterprises, has signed a definitive agreement with TechnoPro Holdings of Japan for the sale of 100% stake in the organization.
To be executed in two tranches, the estimated prize of the deal in the first tranche is around ₹580 crore. On Tuesday, the shareholders of Robosoft Technologies announcing the signing to of a definitive agreement with TechnoPro Holdings, Inc. for the offer of 100% stake in the organization.
TechnoPro Holdings agreed to acquire 100% of the offers gave and extraordinary of Robosoft, which delivers solution services in a digital sphere predominantly to customers in the US, Japan and India. Robosoft will turn into a subsidiary of TechnoPro in two-phased transactions: 80% in the first tranche, and the excess 20% in the second tranche (approximately one year later).
According to details posted on the website of TechnoPro Holdings, the estimated amount of the purchase price in the first tranche is approx. ₹580 crore.
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