Panache Digilife Limited (NSEI:PANACHE) entered into an agreement to acquire remaining 50% stake in ICT Infratech Services Private Limited for INR 0.15 million on August 10, 2023. Panache Digilife will pay cash up to INR 1.5 lakhs to shareholder of ICT Infratech Services. Subsequent to the acquisition, ICT Infratech Services shall become Wholly Owned Subsidiary of Panache Digilife. As of March 31, 2023, ICT Infratech Services has reported nil revenue. The transaction is expected to complete in approximately 2 months.

Panache Digilife Limited (NSEI:PANACHE) completed the acquisition of remaining 50% stake in ICT Infratech Services Private Limited on October 5, 2023.