Response Informatics Limited (BSE:538273) agreed to acquire Highdata Software Corporation for $1.6 million on February 9, 2024. Response Informatics will issue 15,96,145 Equity Shares as consideration. Highdata reported turnover of $4.894451 million for the year ended 2023.

The transaction is subject to approval from Reserve Bank of India, stock exchange approval, shareholders and other regulatory approvals, if any. The transaction has been approved by the board of directors of Response. As of March 11, 2024, transaction has been approved by the shareholders of Response.