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Majesco’s arm acquires remaining 10% stake in Exaxe Holdings

02 Aug 2019 Evaluate

Majesco’s subsidiary company -- Majesco, USA has acquired remaining 10% Securities of Exaxe Holdings, Ireland, for a consideration of Euro 0.72 Million, as per agreed terms of Share Purchase Agreement dated November 27, 2018.

Accordingly, Exaxe Holdings, Ireland has become a wholly-owned direct subsidiary of Majesco, USA and step-down subsidiary of the company.

Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.

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