Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech Limited agreed to acquire Aashee Infotech Ltd (BSE:519319) in a reverse merger transaction on June 27, 2013. Under the terms of the transaction, Aashee Infotech will issue 1.3 shares for each shares in Jatalia Global Ventures, 91 shares for each share in Lusa Private Limited, 6 shares for each share in Jatalia Industrial Park Pvt Ltd, and 100 shares for each share in Surya Soft-Tech. Post transaction, the name of Aashee Infotech Ltd will change to Jatalia Global Ventures Limited, the promoters and directors of Jatalia Global Ventures Limited will become the promoters and Directors of the Aashee Infotech Ltd. and all the employees of Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech will be transferred to Aashee Infotech.

The transaction is subject to approval from regulatory authorities, approval by shareholders of Jatalia Global Ventures, Jatalia Industrial Park, Lusa Private, Surya Soft-Tech and Aashee Infotech and approval by High Court of Judicature at Haryana. The transaction was approved by Board of Directors Aashee Infotech on June 28, 2013. On September 5, 2014, the transaction was approved by the shareholders of Aaashee Infotech. The transaction was approved by National Company Law Tribunal on June 12, 2018.

Kumar Piyush & Co acted as valuers for Aashee and MK Doogar of D& A financial services acted as fairness opinion provider for Aashee Infotech Ltd and Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech Limited.

Jatalia Global Ventures Limited, Jatalia Industrial Park Pvt Ltd, Lusa Private Limited and Surya Soft-Tech Limited completed the acquisition of Aashee Infotech Ltd (BSE:519319) in a reverse merger transaction on June 14, 2018.