Company UpdateAcquisition
Infonative Solutions to acquire 51% stake in Digital Benchers Private Limited for ₹16.83 million
Target background
- Digital Benchers Private Limited; AI-based education technology solutions provider; IT/software services; presence in India.
- Incorporated on 25 July 2024; turnover ₹2,839,759 in FY2025-26.
- Authorised capital ₹10,00,000; paid-up capital ₹1,00,000.
- Industry: Education Tech, AI, IT software services; country: India.
Acquisition details
- Acquire 5,100 equity shares (51% of paid-up capital) of Digital Benchers Private Limited.
- Cash consideration ₹1,68,30,000.
- Digital Benchers will become a subsidiary of Infonative Solutions.
- Completion anticipated in due course; no fixed timeline.
- Not a related party transaction; sale by existing shareholders/directors; arm's length.
- Purpose: develop education quality via AI; expand AI-enabled education capabilities.
- Regulatory approvals: Not applicable.