ITANZ Acquires 51% Stake in ITANZ Infinity
Summary
ITANZ Technologies announces acquisition of 51% stake in ITANZ Infinity for AUD 21.857M, pending regulatory approvals.
Kind of disclosure: Partnership/JV
Read the original filingKey facts
- Acquisition of 51% stake in ITANZ Infinity
- AUD 21.857M
- Regulatory approvals required
- State Bank of Pakistan
- Deferred payment structure
- Five annual instalments
- Valuation based on independent assessment
- AUD 45.393M post-money
- Deed of Forbearance with Westpac
- Prevents immediate enforcement actions
iTANZ Technologies Limited (ITANZ) on Nafa
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Source: iTANZ Technologies Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.