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Intellivate Capital Ventures to acquire 100% stake in Partitoe Ventures

11 Apr 2024 Evaluate

Intellivate Capital Ventures has signed the Share Purchase Agreement (SPA) to acquire 2,30,000 equity shares equivalent to 100% of the total issued and paid up share capital of Partitoe Ventures (Investee Company) from the existing Shareholders of the Investee Company.

On the completion of the said proposed acquisition, the Company will hold 100% of total issued and paid up share capital of the Investee Company and the Investee Company will become Wholly-Owned Subsidiary of the Company. The company proposes to aggressively pursue opportunities in the food and restaurant industry. With this acquisition, the company aims to focus on growth and expansion plans, aiming to become a market leader in the industry. The total aggregate consideration to be paid for the said acquisition of 100% of the total issued and paid up share capital of the Partitoe Ventures is Rs 82,80,000 at a share price of Rs 36 Per Share. 

Intellivate Capital Ventures has played a key role in establishing the foundation for several businesses in India, by providing funding to companies in sectors as diverse as Information Technology, Media & Entertainment, Financial Services, Infrastructure, Construction services, Real Estate, Logistics, etc.

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