City Pulse acquires 98 percent stake in ERECH TRADE API LLP for about 4 crore rupees
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City Pulse Multiventures has acquired a 98 percent stake in ERECH TRADE API LLP, an e-payment services firm, for about 4 crore rupees in cash. The target was incorporated in 2022 and reported revenue of about 4,036 crore rupees in FY26, up from about 1,999 crore rupees in FY24. The deal is expected to complete in two months and is not a related party transaction. The e-payment business is outside the company existing multiplex line, positioning it as a new growth driver.
Brings a high-growth e-payments business into the company, diversifying away from its legacy multiplex operations. Should aid medium-term revenue and earnings.