Financial technology company Veefin Solutions (BOM:543931), through its subsidiary Infini Systems, has agreed to acquire up to 49% stake in White Rivers Media Solutions for 1.67 billion Indian rupees, according to a BSE filing on Monday.
White Rivers Media is a digital marketing and advertising solutions provider.
The transaction involves the transfer of shares for part cash consideration and part equity share swap and is expected to be completed in 60-90 days.
Shares of the company were down nearly 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.