Satin Technologies, a wholly-owned subsidiary of Satin Creditcare Network (NSE:SATIN, BOM:539404), has agreed to acquire upto a 76.4% stake in QTrino Labs in one or more tranches, according to a Wednesday filing to the Indian stock exchanges.
Financial details of the deal were not disclosed.
QTrino Labs is a deep-tech cybersecurity startup that develops cost-effective, quantum-safe security solutions for enterprises and government institutions. Its acquisition will help Satin to expand its business footprint in advanced technology and cybersecurity domains.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments