One Point One Solutions Limited has informed the Exchange about signing of term sheet by One Point One Singapore Pte. Ltd. a wholly-owned subsidiary of the Company in relation to proposal for acquisition of 100% stake in ITNITY PTE. LTD. a Singapore-based entity.
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One Point One Solutions Limited has informed the exchange that its wholly-owned subsidiary, One Point One Singapore Pte. Ltd., has signed a term sheet to acquire 100% stake in ITNITY PTE. LTD., a Singapore-based company. The enterprise value of the proposed deal is $7.6 million (approximately ₹63-64 crore). The acquisition is aimed at strengthening the company's customer engagement and contact center solutions portfolio, and unlocking operational synergies. The deal is still at an early stage and is contingent upon successful completion of legal and financial due diligence and a final agreement. CEO Akshay Chhabra called it a 'game-changer' that will accelerate the company's market position in digital customer engagement.
Positive near-term sentiment as the acquisition signals international expansion and strengthening of digital engagement capabilities, but the deal is still preliminary and subject to due diligence, so there is execution risk. Shareholders should watch for updates on the definitive agreement and deal closure.