Rose Merc Acquires 30.01% Stake in Virtual Gain

Rose Merc Limited signed a binding term sheet to acquire a 30.01% stake in Virtual Gain Technologies Pvt Ltd for ₹1 crore.
The acquisition is a strategic move for Rose Merc to enter the Indian fintech sector by partnering with a digital payments platform developer.
Upon completion, Rose Merc will pay ₹2,332 per share and gain majority board control of Virtual Gain Technologies.
Virtual Gain Technologies reported a turnover growth from ₹5.24 lakh in FY23 to ₹98.88 lakh in FY25.