Unyde Systems Private Limited is acquired by Adani Enterprises for a 10% share
According to an official announcement made by Adani Enterprises, the acquisition cost is Rs 3.75 crore
Adani Enterprises has paid Rs 3.75 crore for a ten percent share in Unyde Systems Private Limited (USPL).
Adani Enterprises stated in a statement that the Gautam Adani-led conglomerate will possess 71,818 equity shares with a face value of Rs 10 each, representing 10% of USPL's Share Capital on a fully diluted basis, at a price of Rs 522 per share.
USPL is a start-up company that specialises in software development, turnover, and other information technology-enabled services and products. According to the official announcement, the company's revenue for the financial year 2020-201 was Rs. 0.86 crore.
Unyde Systems Private was founded on May 25, 2017 and specialises in software development as well as information technology-enabled services and solutions.