Majesco has received approval from board of directors to acquire 51% (on a fully diluted basis) stake in K2V2 Technologies (K2V2) for an aggregate cash consideration of Rs 40 crore. The investment is in line with Majesco’s strategy to create an integrated digital and technology ecosystem focused on complete value chain of Real Estate. The board of directors at its meeting held on July 23, 2021, has approved the same.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.
