Integrated Personnel Services Approves Balance Consideration of Rs. 1,78,91,040 for Remaining 18.83% Stake in Informatic Connecting Tech Private Limited
Published on: May 15, 2026, 11:48 a.m. | Source: scanx.trade
Integrated Personnel Services Limited's Board approved a cash payment of Rs. 1,78,91,040/- on 14th May 2026 for the remaining 18.83% equity stake in Informatic Connecting Tech Private Limited, comprising 1,962 equity shares of Rs. 10/- each. This follows the SPSSA executed on 17th July 2025 for the 100% acquisition of ICTPL, a Mumbai-based software design and development company. ICTPL recorded a turnover of Rs. 1,36,36,100/- for the financial year 2024-25, up from Rs. 50,00,000/- in 2023-24. The acquisition requires no governmental or regulatory approvals and is aimed at strengthening Integrated Personnel Services' presence in the HRMS and SaaS technology space.
