Ksolves India Limited (NSEI:KSOLVES) agreed in principle to acquire Ksolves LLC, USA from Ratan Kumar Srivastava for INR 0.79 million on June 9, 2021. The company proposes to acquire shares equivalent to 100% of the total capital of the Ksolves LLC, USA for INR 7.86 lacs fully paid in cash. Once the acquisition is complete, Ksolves LLC, USA will become a fully owned subsidiary of the company. Ksolves LLC, USA reported turnover of $0.11 million (INR 8 million) for the year ended December 31, 2020. The transaction is subject to approval by regulatory authorities and is expected to close in 3-6 months. Ksolves India Limited (NSEI:KSOLVES) completed the acquisition of Ksolves LLC, USA from Ratan Kumar Srivastava on July 12, 2021.