Perfios is acquiring Karza Technologies for over $80 Millon in an all-cash deal. The startup had decided to acquire 100 per cent of the issued, subscribed and paid-up for $73.5 million and an extra $5.6 million towards subscription of equity securities of Karza Technologies.

• Rail Vikas Nigam Shares Soar 10% on Securing Rs 837 Crore Order 
• IFCI Shares Skyrocket 15% as Board Approves Merger 
• Prakash Industries Shares Surge 7% on Acquiring 30-Year Mining Lease 
• Stocks Under F&O Ban: Gujarat Narmada Valley, Adani Enterprises, Hindustan Copper, and Others 
• Stocks in Focus: Tech Mahindra, Real Estate Stocks, Signature Global, and Others

The company declared that after the acquisition, Karza’s three founders will still run the startup under Perfios’ guidance. And all employees of Karza will stay with the company even after the acquisition. All the investors will exit the company. The founders will also sell their stake in this transaction.