Announced Tue, 28 Jul · 20:20 IST
Tanla board approves acquisition of ValueFirst Middle East FZC for INR 148.52 crore
TANLA · price
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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹597.75
prior close
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base price
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AI summary
Board of Tanla Platforms approved subsidiary Karix Mobile FZ LLC acquiring 100% of ValueFirst Middle East FZC, a UAE-based CPaaS provider. Total enterprise consideration is AED 58.25 million about INR 148.52 crore, with INR 12 crore in cash and INR 136.52 crore as assumed liabilities. VF FZC operates in UAE, Saudi Arabia and Indonesia, with FY26 revenue of INR 181.63 crore but negative net worth of INR 136.52 crore. Deal expected to close by Q2 FY27.
Likely market impact
Boosts UAE, KSA and Indonesia CPaaS presence. Most of the INR 148.52 crore deal is debt assumption, not cash outflow. Closing targeted Q2 FY27.