Panache Digilife Limited (NSEI:PANACHE) agreed to acquire 26% stake in Cadcord Technologies Private Limited for INR 2.6 million on August 10, 2023. As part of acquisition 52,703 shares will be acquired. Consideration will be paid in cash.

Panache Digilife board approved the deal. For FY 2022-23 Cadcord Technologies reported turnover of INR 9.77 million. The transaction will be completed in approximately 3 months.