Datamatics Global Services has informed that Lumina Datamatics, a material wholly owned subsidiary of the Company, has agreed to sign the Share Purchase Agreement, Shareholders Agreement and other agreements (‘Definitive Agreements’) on December 09, 2024 to acquire 100% stake in TNQ Tech (TNQTech), a Chennai based digital publishing technology and services company renowned for quality, efficiency, and innovation through purchase of shares from its existing shareholders in one or more tranches in accordance with the terms of Definitive Agreements. The said acquisition is subject to the fulfilment of various terms and conditions as specified in the Definitive Agreements. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is provided in Annexure I, enclosed.
The above information is a part of company’s filings submitted to BSE.
