Richa Info Systems Limited (NSEI:RICHA) agreed to acquire 19% stake in West Coast Forex Private Limited on November 8, 2023. The consideration will be paid by issuing 2.95 million shares of Richa Info Systems for INR 72.25 per equity share for consideration other than cash. As of FY 2022-23, West Coast Forex reported revenue of INR 0.01 million.

The transaction has been approved by board of directors, and is subject to shareholders of Richa Info Systems and regulatory board. Transaction is expected to completed in the next 3 to 6 months.