Aurionpro Solutions Limited (NSEI:AURIONPRO) entered into agreement to acquire an unknown stake in Arya.ai on April 19, 2024. The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. This will be an all-cash deal.

The aggregate investment including secondary acquisition and fund infusion is approximately INR 1.35 billion. For the period ended March 31, 2024 Arya.ai reported revenue of INR 205 million. The transaction has been approved by the board of Aurionpro Solutions Limited.

The transaction is expected to complete by May 15, 2024.