Macrotech Developers Acquire Full Ownership of Opexefi and One Box to Boost Digital Infrastructure

Macrotech Developers Limited has announced that it has signed Share Purchase Agreements (SPAs) to acquire a 100% stake in Opexefi Services Private Limited and One Box Warehouse Private Limited. As a result, both Opexefi and One Box will become wholly owned subsidiaries of Macrotech. This acquisition is part of the company’s strategic plan to expand its presence in digital infrastructure, specifically in the industrial and logistics sectors.

Details of the Acquisition of Opexefi Services Private Limited

This acquisition is not a related party transaction. Neither the promoters nor the promoter group or group companies are interested in Opexefi Services Private Limited. The transaction is being carried out at arm’s length. No governmental or regulatory approvals are required for this acquisition.

Reason for Acquisition
Opexefi’s business aligns with Macrotech’s strategy to grow in digital infrastructure, specifically focusing on the industrial and logistics sectors. The acquisition is expected to be completed within 45 days.

Acquisition Details

The acquisition will be made through cash consideration. The total cost of acquiring Opexefi includes ₹33.47 crore for equity shares and ₹13.20 crore for securities, amounting to a total of ₹ 46.67 crore. Macrotech Developers Limited will acquire 100% of the equity shares and securities of Opexefi, gaining full control of the company.

Company Overview
Opexefi Services Private Limited was incorporated on December 6, 2018, and is involved in developing logistics parks and warehouses.

Details of the Acquisition of One Box Warehouse Private Limited

This acquisition does not qualify as a related party transaction. The promoters, promoter groups, or group companies are not involved or interested in One Box Warehouse Private Limited. The transaction is conducted at arm’s length.

Reason for Acquisition

The acquisition aligns with Macrotech Developers’ strategy to expand its footprint in the digital infrastructure space, focusing on industrial and logistics development. It does not require any governmental or regulatory approvals and is expected to be finalized within 45 days.

Acquisition Details

The acquisition will be completed through a cash payment. The total acquisition cost for One Box is ₹ 49.09 crore, which is solely for the equity shares. Upon completion of the transaction, Macrotech Developers Limited will own 100% of the equity shares of One Box, gaining complete control over the company.

Company Overview

One Box Warehouse Private Limited, incorporated on October 6, 2023, operates in developing logistics parks and warehouses.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.