M&A
IT co Majesco to acquire 51% in real estate tech firm K2V2 for Rs.40-Cr
Mumbai-based, publicly listed IT firm Majesco Ltd is to acquire a 51% stake in Pune-based software technology firm K2V2 for INR 40 crore. K2V2 provides Software as a Service (SaaS) products, services and enterprise software catering to the real estate industry and holds a portfolio of proptech, real estate brokerage and digital marketing products and services. For FY21, K2V2 posted a turnover of INR 11.43 crore. In March, Aurum Ventures had entered into pact to acquire the entire promoter shareholding of 14.78% in Majesco through one of its subsidiaries Aurum Platz IT and also made an open offer.
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