Vortiv Limited (ASX:VOR) ) signed sale and purchase agreement to acquire the remaining 75% of Transaction Solutions International (India) from Urania private limited and AAJV Investment Trust for AUD 4.1 million on December 8, 2021. The share sale and purchase agreement for the Company's acquisition to be funded by an upfront cash payment of AUD 4.1 million which the Company will fund through a fully underwritten entitlement offer. Key management locked in through 10% ownership in TSI India which is to be issued to them post completion, thus VOR will own the remaining 90%. TSI will continue to be led by its Mohnish Kumar who joined TSI in 2006. The Acquisition is expected to provide significant benefits to the Company, including the addition of strong revenue and free cash flow and increased exposure to the growing Indian payments market. Transaction is subject to relevant legal and regulatory approvals being obtained and Company providing a letter of comfort to one of TSI's financing banks along with written consents of counterparties. On January 21, 2021, Vortiv announced the satisfaction of all the conditions precedent for the acquisition. The Acquisition is expected to be completed by the end of January 2022.

Vortiv Limited (ASX:VOR) ) completed the acquisition of the remaining 75% of Transaction Solutions International (India) from Urania private limited and AAJV Investment Trust on February 23, 2022.