Koovs plc (AIM:KOOV) agreed to acquire remaining approximately 32.5% stake in Koovs Marketing Consulting Pvt. Ltd from Infotel E-Commerce Pvt Ltd on October 16, 2015. Koovs plc (AIM:KOOV) entered into a share purchase agreement acquire remaining approximately 42.5% stake in Koovs Marketing Consulting Pvt. Ltd from Infotel E-Commerce Pvt Ltd and others for £9 million on April 29, 2016. Koovs Marketing will become a wholly owned subsidiary of Koovs plc. The deal will be financed through subscription for new shares in Koovs Plc in the amount of £30 million. Koovs Marketing reported loss before taxes in the amount of £6.4 million for the year ended March 31, 2015. The deal is subject to necessary approvals including shareholder approval. The deal is subject to consummation of private placement of shares and is expected to close on May 3, 2016. Dan Webster, George Sellar, Adrian Trimmings, Jock Maxwell Macdonald of Peel Hunt LLP acted as financial advisors and Nick Claydon, Alison Kay of Brunswick Group LLP acted as PR advisors for Koovs plc. Koovs plc (AIM:KOOV) completed the acquisition of remaining 42.5% stake in Koovs Marketing Consulting Pvt. Ltd from Infotel E-Commerce Pvt Ltd in May 2016.