M&A

M&A

Blockchain player Yudiz to pick up 51% in payment solutions provider ABCM App

Inc42  

Listed blockchain and IT development company Yudiz Solutions will be picking up 51.01% stake in Mumbai-based consultancy and technology solutions company ABCM App Pvt Ltd for INR 6.14 crore.Yudiz bought 67,447 shares at INR 574 per share from ABCM’s existing non-promoter shareholders, costing INR 3.87 crore. Yudiz will also subscribe to 89,853 additional equity shares of ABCM at INR 253 a piece, totalling INR 2.27 crore.Founded in 2019, ABCM App specialises in the design and development of financial software and mobile applications.