Brief: Prime Securities To Acquire Bridgeweave Limited, UK

Prime Securities

13/04/2023 13:05

April 13 (Reuters) - Prime Securities Ltd  PRME.NS :
    * CO TO ACQUIRE BRIDGEWEAVE LIMITED, UK
    * WILL ALSO SEEK TO ACQUIRE BALANCE 92% EQUITY STAKE IN
BRIDGEWEAVE UK THROUGH A STOCK SWAP
    * ACQUISITION OF BALANCE 92% EQUITY STAKE WILL BE AT A FLOOR
VALUATION OF 1.25 BILLION RUPEES
    * SHARE ISSUE AT FLOOR VALUATION OF 130 RUPEES PER SHARE OF
CO
    * ACQUISITION OF 8% EQUITY STAKE IN BRIDGEWEAVE UK  THROUGH
A
PRIMARY INFUSION OF 100 MILLION RUPEES

Source text for Eikon:  ID:nBSE7S42bq 
Further company coverage:  PRME.NS 

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