Quicktouch Technologies Limited (NSEI:QUICKTOUCH) agreed to acquire Grenew FZE for AED 0.15 million on February 29, 2024. Under the terms of agreement, investment in securities is made for cash consideration i.e., 150 shares at 1,000 AED per share each. Grenew FZE has total assets of approximately AED 55 million ($15 million) as per its last balance sheet.

The Board of Directors of Quicktouch Technologies Limited have approved the acquisition of 100% stake in Grenew FZE, a Company incorporate in UAE. The transaction is expected to close on or before March 2025.