Tilak Ventures is all set to acquire stake in Yosto Venture India (Yosto). The company will subscribe and acquire 1,11,000 equity shares of Rs 10 each, at Issue Price of Rs 68.92 (Share Premium of Rs 58.92) per share amounting to Rs 76.50 lakh of Yosto. This will result in the acquisition of a controlling stake (51.03%) in the Yosto. The Board of Directors of the company at their meeting held on February 10, 2023 approved the same.
Yosto Venture India is registered start up located at Mumbai and into the business of Office Supplies through E-Commerce ‘Wisycart.com’.
Tilak Venture is engaged in finance, Investment, Consultancy and having interest in power project business which is fast growing and developing.
