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.

• L&T Shares Trade With Nominal Losses Despite Securing Orders 
• Daily vs Weekly SIP: Which Can Supercharge Your Portfolio to the Million-Mark?
• Rail Vikas Nigam Shares Take a Hit Despite Rs 165 Crore Order 
• Lupin Shares Gain 1% as Unit Receives EIR Status from USFDA
• Glenmark Unit Signs Exclusive NSCLC Drug Pact with Hansoh Pharma; Shares Drop 1%

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.