EMA Partners Acquires 100% Equity of Taggd, Approves Share Purchase and Subscription Agreement
EMA Partners India Limited has finalized the approval for the acquisition of 100% equity shares of M/s Talent Hired-The Job Store Private Limited (Taggd). The company's Board of Directors approved the terms related to the Share Purchase and Subscription Agreement (SPSA), which involves a significant payment to existing shareholders alongside a planned subscription of new equity shares.The decision details the financial commitment towards acquiring Taggd, following an earlier intimation regarding the execution of the SPSA. The acquisition encompasses two primary components: the purchase consideration paid to current stakeholders and the subscription agreement for future issuance of shares by Taggd.
Under the agreed terms, EMA Partners committed a Purchase Consideration amounting to ₹ 89,14,10,814/-. This payment was made towards the purchase of 7,81,254 existing Equity Shares, representing 100% of the paid-up equity share capital of Taggd. The price per equity share for this acquisition stood at ₹ 1,141/-.
Simultaneously, the Board approved the subscription component under the SPSA. EMA Partners agreed to subscribe to 66,691 Equity Shares proposed by Taggd. These shares have a face value of ₹ 1/- each and were offered for acquisition at a price of ₹ 1,141/- per share, which includes a premium of ₹ 1,140/-. The total aggregated value for the subscription is noted as ₹ 7,60,94,431/- on a preferential basis.
The transaction structure and financials are detailed below:
| Financial Aspect | Details |
|---|---|
| Acquired Shares | 7,81,254 existing Equity Shares (representing 100% of Taggd’s paid-up equity) |
| Purchase Consideration Paid | ₹ 89,14,10,814/- |
| Price per Acquisition Share | ₹ 1,141/- |
| Subscribed Shares | 66,691 Equity Shares (Face Value: ₹ 1/-) |
| Subscription Value | ₹ 7,60,94,431/- |
The subscription to the new equity shares is contingent upon the receipt of a valid offer letter from Taggd. The Board meeting concluded having approved these terms for the acquisition and investment in Taggd.
EMAPARTNER Stock Price Movement
At 3:04 PM, the stock of EMA Partners India Limited holds steady at ₹82.00, recording no change as live trading continues. The equity has seen a total traded volume of 9,000 shares, maintaining a tight intraday range between ₹81.00 and ₹82.80.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.