TAC Infosec Merger & Restructuring Worth ₹0.15 Cr
TAC Infosec Limited has incorporated a wholly-owned subsidiary, TAC Safehouse Limited, to enter the B2C cybersecurity market, with an initial capital investment of Rs. 0.15 Crore.
- Value
- ₹0.15 Cr
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TAC Infosec Limited has incorporated a wholly-owned subsidiary, TAC Safehouse Limited, to enter the B2C cybersecurity market, with an initial capital investment of Rs. 0.15 Crore.
TAC Infosec approved an internal group restructuring involving a share swap between its subsidiaries for $1.47 million, alongside the adoption of a new ESOP plan.
TAC Infosec Limited has signed a binding term sheet to acquire 100% of Israel-based Safehouse Technologies Ltd for ₹1 Crore. This acquisition expands TAC's portfolio into the B2C cybersecurity segment.
TAC Infosec approved incorporating a new subsidiary and acquiring Safehouse Technologies Limited. The subsidiary investment is capped at ₹4 Crore.