Board of Le Travenues Technology approves acquisition of 51% stake in Zoop

The Board of Le Travenues Technology at its meeting held on 24 October 2024 has approved entering into definitive agreements to acquire a 51% stake in Zoop Web Services (Zoop) for a total consideration of Rs. 12.54 crore including non-compete fee, subject to the completion of certain conditions precedent, through a combination of secondary and primary share purchases. Additionally, the Company has the option to purchase the remaining stake in the future subject to fulfillment of certain conditions.