R S Software acquires stake in its Indian subsidiary 'Paypermint'; Stocks up 1%

The turnover of Paypermint Private Ltd is Rs10 lakh.

Sep 08, 2021 10:09 IST India Infoline News Service

R S Software (India) Ltd has informed to the exchange regarding investment through acquisition of 1,50,000 equity shares of Paypermint Private Limited, the subsidiary company in India.

The entity is engaged in the business of Payment Aggregation through its Digital Payment Platform. It is incorporated in India on August 26, 2016 as a Subsidiary Company of R. S. Software (India) Limited.

The size of the company is: Equity Capital of Rs10,00,00,000 and the turnover is Rs10 lakh.

At around 10:10 AM, R S Software (India) was trading at Rs34.50 apiece up by Rs0.45 or 1.32%.

Previously, the scrip ended at Rs34.05 apiece on the BSE.

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