Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech Limited completed the acquisition of Aashee Infotech Ltd in a reverse merger transaction.
The transaction is subject to approval from regulatory authorities, approval by shareholders of Jatalia Global Ventures, Jatalia Industrial Park, Lusa Private, Surya Soft-Tech and Aashee Infotech and approval by High Court of Judicature at Haryana. The transaction was approved by Board of Directors Aashee Infotech on June 28, 2013. On September 5, 2014, the transaction was approved by the shareholders of Aaashee Infotech. The transaction was approved by National Company Law Tribunal on June 12, 2018.
Kumar Piyush & Co acted as valuers for Aashee and MK Doogar of D& A financial services acted as fairness opinion provider for Aashee Infotech Ltd and Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech Limited.
Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech Limited completed the acquisition of Aashee Infotech Ltd (BSE:519319) in a reverse merger transaction on June 14, 2018.