Crizac Limited Extends Timeline for Acquisition of Edument Consultancy Shares and Debentures
Crizac Limited, which was formerly known as Crizac Private Limited and GA Solutions Private Limited, has provided an update on the ongoing acquisition of Compulsory Convertible Preference shares and Compulsory Convertible Debentures of Edument Consultancy Private Limited.The company stated that the proposed acquisition, initially disclosed on June 15, 2026, is not yet complete, as requisite formalities are currently being fulfilled. Consequently, Crizac has indicated that the completion of this acquisition requires an additional period of approximately two months.
The revised expected timeline for the completion of documentation and all closing formalities in the proposed acquisition is set for October 12, 2026.
Crizac Limited confirmed that there are no changes to the underlying transaction, consideration, or other material terms of the proposed acquisition. The only adjustment involves the extension of the completion timeframe as noted above.
The company added that it will provide further updates regarding any material developments related to the proposed acquisition in due course.
CRIZAC Stock Price Movement
Crizac Limited shares today slipped by 1.08% to settle at ₹184.60, shedding ₹2.02 from the previous close. The stock traded within an intraday range of ₹184.02 to ₹187, with a total traded volume of 137,835 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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