Yaap Digital Limited Acquires 60.20% Stake in Gozoop Online Private Limited
Yaap Digital Limited announced the execution of a Share Purchase Cum Shareholders' Agreement (SPSHA) and the acquisition of a 60.20% stake in Gozoop Online Private Limited on March 30, 2026. The acquisition, which has resulted in Gozoop becoming a subsidiary of Yaap Digital Limited, involves 480 equity shares of Rs. 100 each, representing 60.20% of the paid-up equity share capital.The purchase consideration for this acquisition totals Rs. 36.96 crore. A swap of shares against a consideration amount of Rs. 7.66 crore is currently in process and expected to be completed within 90 days of the SPSHA signing, with Excess Net Working Capital (ENWC) to be paid by July 2026.
Gozoop Online Private Limited, incorporated on May 11, 2010, is engaged in digital marketing and related services. The company's turnover for the financial year 2024-2025 was Rs. 62.88 crore.
The acquisition is intended to expand Yaap Digital Limited's service offerings, strengthen client relationships, and enhance its technological capabilities.
Source:
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.