Crizac Ltd Acquires 100% Stake in Inova Consultancy Limited for Global Market Expansion
Crizac Ltd, a wholly owned subsidiary of Crizac Limited, has acquired 100 percent equity share capital of Inova Consultancy Limited. The acquisition focuses on strengthening the company's global reach and expanding into new international education markets.The target entity, Inova Consultancy Limited, is an organization incorporated under the Companies Act 1985, with its registered office located in Sheffield, United Kingdom. The acquisition was completed for a cost of £742,378. Crizac Ltd acquired 100 percent shareholding, which comprised 10 ordinary shares in Inova Consultancy Limited.
The transaction is structured as a cash consideration, to be paid in one or more tranches. Indicative completion for the acquisition was set for 15 October 2026. The details confirmed that the transaction does not fall under any related party transactions and the promoter group has no interest in Inova Consultancy Limited.
The strategic rationale behind the acquisition is focused on market expansion. Crizac Ltd, a subsidiary of the listed entity, aims to increase its footprint in Mexico through this acquisition. Furthermore, the company has successfully entered the 'Netherlands' as a new destination market through the purchase.
Inova Consultancy Limited operates within the international education, marketing and student recruitment consultancy sector. The target entity was incorporated on August 19, 2004.
Key details regarding Inova Consultancy Limited and the acquisition are summarized below:
| Particulars | Details |
|---|---|
| Target Entity Name | Inova Consultancy Limited |
| Industry | International education, marketing and student recruitment consultancy |
| Acquisition Cost/Price | £742,378 |
| Consideration Type | Cash (in one or more tranches) |
| Percentage of Shareholding Acquired | 100% |
The turnover details for Inova Consultancy Limited over the last three financial years are presented in the table below:
| Financial Year | Turnover |
|---|---|
| 2023-24 | £386,514 |
| 2024-25 | £590,632 |
| 2025-26 | £442,360 |
CRIZAC Stock Price Movement
Shares of Crizac Limited are edging higher to ₹194.58 as of 3:07 PM today, gaining a strong 5.50% in live trading. The stock is experiencing robust investor interest, with over 531,553 shares changing hands so far during the session.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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