Service Care Limited Acquires Intellectual Property Assets to Strengthen Technology Capabilities
Service Care Limited has acquired certain Intellectual Property assets from Dotcod Innovation Private Limited. The acquisition, executed through an Intellectual Property Assignment Deed, is designed to strengthen Service Care Limited's technology capabilities and expand its digital offerings, aligning with the company's strategic growth objectives.The transaction involved the purchase of proprietary rights and intellectual property related to a software platform or application.
As per the details provided, the acquisition carried a consideration of ₹18,00,000/- (Rupees Eighteen Lakhs Only). The company confirmed that the transaction does not constitute a related party transaction, nor does it involve any interest from promoter or promoter group companies.
Key details of the Intellectual Property acquisition are summarized in the table below:
| Particulars | Details |
|---|---|
| Entity from whom assets were acquired | Dotcod Innovation Private Limited |
| Nature of Acquisition | Acquisition of Intellectual Property assets pursuant to an Intellectual Property Assignment Deed |
| Assets Acquired | Intellectual Property relating to a software platform/application and associated proprietary rights |
| Consideration Paid | ₹18,00,000/- (Rupees Eighteen Lakhs Only) |
| Purpose of Acquisition | To strengthen the Company's technology capabilities and support its business objectives |
SERVICE Stock Price Movement
Service Care Limited shares today slipped by 0.16% to settle at ₹61, reflecting a slight decline in the post-market trading session. The equity traded within an intraday range of ₹61 to ₹62.05 and recorded a volume of 14,000 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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