NAPS Global India has acquired 10 lakh equity shares representing 90.91% of the share capital of Mercaze. Consequently, Mercaze has become a subsidiary of the company. This acquisition aims to expand its business operations on a large scale, driving growth, increasing revenue, and enhancing market share.
NAPS Global India is a wholesale importer of textile products and acts as an established player in the garment manufacturing supply chain in Maharashtra, India.