Globe Multi Ventures Limited (BSE:540266) agreed to acquire an 84.4% stake in Cooptions Technologies Limited on March 23, 2024. Under the terms of agreement, the proposal for takeover/acquisition of 5,19,84,788 equity shares of INR 10/- each constituting 84.40% stake in CoOptions Corporation Private Limited (CCPL) has been considered and approved for consideration other than cash by issue of 20,79,39,152 equity shares of INR10/- each through preferential issue on Swap basis as per swap ratio of 4:1. i.e., 4 (Four) equity shares of Rs.10/- (Rupees ten only) each of Globe Multi Ventures Limited (Formerly known as Globe Commercials Limited) for every 1 (One) equity share of Rs.10/- (Rupees ten only) each held in CoOptions Corporation Private Limited (CCPL) as per the Valuation Report of both the Companies and Swap Ratio Certification based on pricing arrived in accordance with the SEBI preferential issue guidelines and all other applicable provisions. Draft shareholders agreements to be entered into by the Company with the selling shareholders of CoOptions Corporation Private Limited (CCPL) have been approved and authorised Directors severally to sign and execute the same.