Metamix Technologies Private Limited and Floral Finance Private Limited agreed to acquire 50% stake in Forbes Concept Hospitality Services Private Limited from Forbes & Company Limited (BSE:502865) for INR 0.01 million on August 3, 2023. The sale of shares agreement is expected to be entered on August 03, 2023. The transaction has been approved by the Board of Directors of Forbes & Company Limited.

The transaction is expected to be completed by August 31, 2023.