PayMate enters binding term sheet for potential DigiAsia acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Acquisition Details: PayMate India has signed a term sheet to acquire DigiAsia Bios, valuing the company at $400 million, with plans for an additional investment of up to $25 million post-transaction.
Next Steps: Both companies will conduct joint due diligence and finalize transaction structures within 60 days, after which PayMate aims to list the combined entity in India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
