Service Care Limited (NSEI:SERVICE) agreed to acquire additional 22% stake in Meeden Labs Private Limited for INR 24.7 million on September 6, 2023. After the completion of transaction Service Care Limited will have 67% stake in Meeden Labs. Meeden Labs reported revenue of INR 80 million for financial year 2022-2023.

The transaction is expected to close within 3 months.