Tanla to acquire 100% of ValueFirst Middle East FZC for INR 148.52 cr
TANLA · price
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Tanla Platforms' subsidiary Karix Mobile FZ LLC will acquire 100% of ValueFirst Middle East FZC (VF FZC), a UAE-based CPaaS provider present in UAE, KSA and Indonesia. Enterprise consideration is AED 58.25 million (INR 148.52 crore): INR 12 crore cash plus INR 136.52 crore liabilities assumed. VF FZC's FY26 turnover was INR 181.63 crore; net worth is negative. Deal expected to close by Q2 FY27.
Boosts CPaaS footprint in UAE, KSA, Indonesia. Adds INR 181.63 crore FY26 revenue. Modest deal at INR 148.52 crore, but target has negative net worth.