GlobalSpace Technologies Limited (BSE:540654) agreed to acquire 51% stake in Innopharm Healthcare Pvt Ltd for INR 5.1 million on March 8, 2024. The consideration will be completed through share swap. Innopharm Healthcare reported total revenue of INR 75.822466 million for FY 2022-2023.

The transaction is expected to close in 3 months. As of May 4, 2024, the consideration will be paid by cash instead of share swap.