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Spacenet Enterprises India signs share subscription agreement with ‘Billmart Fintech’

31 Jan 2022 Evaluate

Spacenet Enterprises India has signed Share Subscription agreement with ‘Billmart Fintech’ on January 29, 2022 for acquisition of 10% stake in ‘Billmart Fintech’. This acquisition will help to the business of the company exclusively in the field of technology, software/ platforms / portals for connecting business entities for bills / receivables etc. Cost of acquisition is 62,500 Equity Shares of Rs 401 (Rs 1 face value + Rs 400 Premium) each share.

Spacenet Enterprises India is primarily engaged in trading of commodities.

Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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