Accel has entered into a Share Purchase Agreement (SPA) to acquire 75% of the equity shares of Computer Factory (India), thereby making it a subsidiary of the company. The consideration to acquire 825,000 equity shares of Computer Factory (India) is Rs 300 lakh.
Accel operates through two business divisions namely Ushus Technologies and Accel Animation Studios. Ushus Technologies provides software development for engineering and embedded applications, whereas Accel Animation Studios provides 3D animation, VFX and MOCAP services to domestic and international customers.
