Intimation of Execution of Term Sheet with ZCLUS India Limited.
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Rose Merc Limited, a BSE-listed diversified company, has signed a term sheet to invest up to ₹18 crore in ZCLUS India Limited over three years. The investment will be made at a fixed subscription price of ₹60,000 per equity share, potentially giving Rose Merc up to 23.08% stake in ZCLUS. ZCLUS is a wholly owned subsidiary of US-based ZEST Consulting LLC, which operates in IT services and digital transformation. The investment aims to support ZCLUS's Asia-Pacific expansion, GCC enabling, and strategic acquisitions in technology services. The transaction is subject to definitive agreements, regulatory approvals, and customary conditions.
This strategic investment marks Rose Merc's entry into the IT services sector through a minority stake acquisition. The deal could provide long-term value through capital appreciation and strategic synergies, though it remains conditional on definitive agreements and regulatory clearances.