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

At meeting held on 24 October 2024

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.

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