Latest news with #SecuritiesSubscriptionandPurchaseAgreement
India.com
10-06-2025
- Business
- India.com
Stock Under Rs 100 In Focus Post This Acquisition Update
Stock market- File image- For Representational purpose Stock market update: The shares of One Point One Solutions Limited, a Business Process Management (BPM) and digital transformation services provider, are in focus today, i.e. June 10, after it announced the acquisition of a majority stake in an AI-powered no-code automation firm. The company claims that the strategic acquisition positions 1Point1 as a major player in India's digital transformation landscape and enhances its AI-led automation capabilities. is a deep-tech, AI-first company that specialises in intelligent process orchestration, generative AI solutions, and no-code workflow automation. Its proprietary platform improves operational efficiency across industries by empowering businesses to create, implement, and scale AI-driven workflows without the need for manual coding. 'We wish to inform you that the Company has executed a Securities Subscription and Purchase Agreement ('SSPA') to acquire a majority shares in Private Limited, a next-generation AI-powered no-code automation firm specialising in autonomous software engineering,' the company said in an exchange filing. 'With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation,' said Akshay Chhabra, Promoter & Director, 1Point1. flagship platform combines real-time data intelligence, API-first architecture, and AI-native automation to improve customer experience and business efficiency. The purchase supports 1Point1's dedication to AI-driven BPM, facilitating quick digital transformation in the fields of finance, e-commerce, logistics, healthcare, and BFSI. Following the development, the shares of the company opened slightly higher at Rs 67.0 against the previous day's closing price of Rs 66.79. However, the stock erased its early gain to trade in negative territory in afternoon trade. Meanwhile, its 52-week high and low values were Rs 77.50 and Rs 41.01. Equity benchmark indices Sensex and Nifty opened trading on a positive note on Tuesday, buoyed by gains in Asian markets, optimism over US-China trade talks and foreign capital inflows. The 30-share BSE Sensex rose 235.58 points to 82,680.79. The 50-share NSE Nifty rose 96.1 points to 25,199.30.
Business Upturn
07-06-2025
- Business
- Business Upturn
One Point to acquire majority stake in TECHSCIENT.AI for Rs 26 crore
By Aman Shukla Published on June 7, 2025, 14:03 IST One Point One Solutions Limited has announced the acquisition of a majority stake in Private Limited. The deal was approved by the Board of Directors on June 7, 2025, and involves the execution of a Securities Subscription and Purchase Agreement (SSPA) between the two companies and the shareholders of The acquisition will be completed in one or more tranches, subject to conditions outlined in the agreement. incorporated in September 2024, is an Indian company based in Bangalore. It operates in the artificial intelligence software sector, focusing on no-code automation and intelligent workflow orchestration. The company's platform combines generative AI, machine learning, and no-code development tools to simplify the automation of business processes. Its solutions are designed for domestic and international markets. The acquisition is not classified as a related-party transaction, and none of One Point One's promoter groups have any interest in The total consideration for the deal stands at ₹26 crore, including ₹15 crore for acquiring equity shares and ₹11 crore for subscribing to compulsorily convertible preference shares. On completion, One Point One will hold a 60.05% stake in on a fully diluted basis. This strategic move is intended to support One Point One's long-term digital transformation strategy. While operates in a different domain from the company's core business process management services, the acquisition is expected to enhance its capabilities in delivering AI-powered digital solutions and improve operational efficiency. The transaction is anticipated to close by September 30, 2025. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
