Novus Loyalty signs term sheet to acquire 80.87% in AutoPe for about Rs 105 Cr
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Novus Loyalty (BSE: 544735) signed a term sheet to acquire up to 80.87% stake in fintech firm AutoPe Payment Solutions. AutoPe is valued at Rs 130 Crore fully diluted, implying about Rs 105.13 Crore for the acquired stake, paid in cash in tranches. First tranche via SPA, balance within about 10 months. Subject to due diligence, definitive agreements, and regulatory approvals. Not a related party transaction. AutoPe FY25 revenue was Rs 62.10 Cr, up 17.5% YoY, with PAT of Rs 13.60 Cr. Move aimed at strategic growth and fintech expansion.
Major acquisition signals strategic push into fintech. Deal valuation and funding plan will be key for shareholders. More details expected on definitive agreements.