Aurionpro Solutions has entered into a definitive agreement for acquisition of majority stake (51%) in Toshi Automatic Systems (TASPL), a Ghaziabad, Uattar Pradesh based company and an innovator with products and solutions in Industrial, Public Safety, Mass Transit segments.
Aurionpro shall acquire majority stake (51%), in tranches upto June 2022, through combination of subscription and acquisition i.e partly by subscription of fresh equity to be issued by TASPL and partly by acquiring the equity stake from existing shareholders. The company will subsequently be renamed as Aurionpro Toshi Automatic Systems (ATASPL) after acquisition. The transaction will be funded through internal accruals.
Aurionpro Solutions is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base. The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.
