Though the company is small (rather miniscule), recent past events & some of the facts related to private entities make the transaction interesting.
Vuenow Infratech Limited ("Transferee Company" or "VIL") was incorporated under the name "Good Value Irrigation Limited" in 1993. In 2023, the existing promoter "Rahul Bhargav" acquired a controlling stake in VIL from erstwhile promoters. Consequently, the name of the company changed to VIL.
Post-acquisition, VIL changed its object clause to deal in information technology & related products. It is worth considering that the revenue of VIL for Financial Year 2023 was 'nil'. The equity shares are listed on BSE Limited while the registered office of VIL is in the state of Maharashtra.
Vuenow Marketing Services Limited
("Transferor Company I" or "VMSL") has a main object of carrying the business of running, operating, managing, advising on and supplying information technology related products services. The equity shares of VMSL are not listed and the registered office of VMSL is located in the state of Uttar Pradesh.
Vuenow Infotech Private Limited
["Transferor Company 2" or "VIPL") main object is carrying the business of running, operating, managing, advising on and supplying information technology related products services. The equity shares of VIPL are not listed and the registered office of VIPL is located in the state of Uttar Pradesh.
Both VMSL & VIPL are owned & controlled by different shareholder/s than Mr. Rahul Bhargav.
Recent Past of VIL:
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Esta historia es de la edición April 2024 de M & A Critique.
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