PayMate enters binding term sheet for potential DigiAsia acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
0mins
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.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like undefined with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
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.
