Key Quantitative Figures
The proposed acquisition involves issuance and allotment of 929,500 equity shares of Novus Loyalty Limited through a share swap arrangement.
Parties Involved
- Novus Loyalty Limited (acquirer)
- AutoPe Payment Solutions Limited (target company)
- Aditi Pardal, Company Secretary & Compliance Officer (signatory)
- BSE Limited (SME) Listing & Compliance (recipient)
Purpose and Rationale
The board meeting is convened to consider and approve:
1. Acquisition of stake in AutoPe Payment Solutions Limited through share swap arrangement
2. Approval of share swap ratio and valuation
3. Execution of definitive agreements
4. Convening of Extra-Ordinary General Meeting for shareholder approval
Corporate Structure Impact
The transaction will result in issuance of 929,500 new equity shares, representing a capital structure change through preferential allotment.
Approval Requirements
The acquisition requires:
- Board approval
- Shareholder approval through EGM
- Statutory and regulatory approvals
Location Details
Board meeting will be held at the registered office: 727, Udyog Vihar, Phase V, Gurugram, Haryana – 122016, India
Additional Information
- Company formerly known as Novus Loyalty Private Limited
- Disclosure will be made available on company website