Goldstone Technologies Limited (BSE:531439) agreed to acquire Equitas Technologies Private Limited from Equitas Holdings Limited (BSE:539844) and MVP Mohan Sharma for INR 80 million on May 16, 2022. Under the terms of the acquisition, 24.999999 million equity shares (99.62% stake) will be acquired by Goldstone Technologies from Equitas Holdings Limited, and balance 0.096 million equity shares (0.38% stake) will be acquired from an Individual shareholder MVP Mohan Sharma. The transaction is subject to approval of Equitas Holdings's Board of Directors.

As of May 16, 2022, Equitas Holdings Limited's Board of Directors has approved the transaction. Transaction is expected to close on on or before May 27, 2022. During the quarter, INR 25 million was paid in advance and on July 4, 2022, the balance amount of INR 55 million was paid.