Target Entity
RegEdge LLC, a limited liability company incorporated under the laws of Delaware
Type of Deal
Acquisition of 100% stake through Membership Interest Purchase Agreement
Stake/Capacity
100% ownership stake acquired
Deal Value
Aggregate consideration of up to USD 12 million (United States Dollars Twelve Million), including upfront consideration and performance-linked earnout(s)
Funding Source
Cash consideration
Financial Impact
Target company revenue for CY25 was USD 5.1 million. Historical revenue figures:
- CY25: USD 5.1 million
- CY24: USD 3.2 million
- CY23: USD 2.9 million
Timeline
Expected closing within 2 weeks subject to fulfilment of closing conditions
Strategic Rationale
Deepen service offerings in financial services, particularly in trade and transaction reporting, surveillance, financial crime compliance, and regulatory change. The acquisition expands eClerx's capabilities in serving Tier-1 financial institutions to navigate complex regulatory landscape.
Approval Status
Board-approved transaction. No governmental or regulatory approvals required. The acquisition does not classify as a related party transaction and has been entered into at arm's length.
Reference Regulation
Disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations") and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026
Additional Details
- Target company founded in 2019
- Operations in US, UK, and India
- Specializes in risk and regulatory consulting for financial institutions
- Consideration subject to customary closing adjustments and closing conditions