Perfios is acquiring Karza Technologies for over $80 Millon in an all-cash deal. The startup had decided to acquire 100 per cent of the issued, subscribed and paid-up for $73.5 million and an extra $5.6 million towards subscription of equity securities of Karza Technologies.

• Shares of Shriram Pistons skyrocketed 9% on Acquiring Antolin Lighting
• Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban: Bandhan Bank, and Others
• India, Canada Hold Talks to Resume Trade Pact Negotiations

The company declared that after the acquisition, Karza’s three founders will still run the startup under Perfios’ guidance. And all employees of Karza will stay with the company even after the acquisition. All the investors will exit the company. The founders will also sell their stake in this transaction.