VL E-Governance & IT Solutions has entered into a binding term sheet with Edgewood Ventures LLC, USA on July 18, 2024 for acquisition of 26% equity stake in HAL-Edgewood Technologies (HETL). This is a strategic investment for future business growth opportunities and leveraging the technology know-how. The transaction is expected to be completed within 12 months.
VL E-Governance & IT Solutions’ Business includes E-governance services, IT/ITES System Integration services, B2B Trading business and IT/ITES equipment trading activities. Company has been One of India’s largest e-Governance player functioning as a systems integrator and end-to-end service provider for various e-Governance projects.
