Aparajitha Corporate Services Private Limited entered into a Business Transfer Agreement to acquire Labour Law Compliance Business of Allsec Technologies Ltd for an enterprise value of INR 270 million on February 6, 2024. The deal is valued at an Enterprise Value of INR 270 million, on a cash and debt free basis, subject to closing adjustments. The business reported revenues of INR 265.6 million and net worth of INR 66.5 million on March 31, 2023.

As of February 6, 2024, the the Administration and Investment Committee of the Board of Directors of Allsec approved the transaction. The deal is expected to be completed on March 31, 2024. As of March 29, 2024, the Parties have mutually agreed to extend the Closing Date under the BTA from March 31, 2024 to April 30, 2024.