Aparajitha Corporate Services set to acquire labour law compliance biz from Allsec Technologies
Acquisition aimed at further enhancing market leadership position in compliance solutions segment Aparajitha Corporate Services Private Limited, one of India’s largest regulatory and social compliance service providers, is set to acquire the ‘labour law’ compliance business from Allsec Technologies Ltd (“Allsec”), the country’s leading payroll services entity. The deal is valued at an Enterprise Value of Rs 27 crore, on a cash and debt-free basis, subject to closing adjustments and fulfilment of conditions set out in the transaction document. The acquisition process is expected to be closed by March 31...
