Brief: Tanla Solutions Acquires Karix Mobile For 3.40 Bln Rupees

Tanla Platforms

20/08/2018 08:50

Aug 20 (Reuters) - Tanla Solutions Ltd  TNSL.NS :
    * ENTERED DEFINITIVE AGREEMENT TO ACQUIRE 100% OF KARIX
MOBILE
    * ACQUIRES KARIX MOBILE FOR 3.40 BLN RUPEES IN A CASH AND
STOCK
TRANSACTION FROM GSO CAPITAL PARTNERS
    * SAYS  ACQUISITION IS EXPECTED TO CLOSE BY OCTOBER 2018
    * EXPECTS COST SYNERGIES OF ABOUT 150 MILLION RUPEES OVER
NEXT SIX
QUARTERS OF OPERATIONS

Source text: http://bit.ly/2Bq1Sho
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