Crizac Limited announced its Board of Directors has approved the acquisition of 51.04% of the equity share capital of Global Tree Careers Private Limited (GTCPL) during a meeting held on January 7, 2026. This strategic move, aimed at business expansion, is subject to customary conditions precedent and mutual agreements. Upon completion, GTCPL will become a subsidiary of Crizac Limited. The acquisition involves a primary infusion of ₹10,00,21,895 by Crizac Limited into GTCPL, representing 24.20% shareholding, and a secondary purchase of 26.84% from existing shareholders. The secondary purchase consideration is dependent on GTCPL's future performance. Global Tree Careers Private Limited, incorporated on June 10, 2015, is a private company specializing in consultancy services for overseas education, immigration, and training solutions, with a strong presence in Telangana and Andhra Pradesh. For the financial year ended March 31, 2025, GTCPL reported assets of ₹29,80,41,640 and a turnover of ₹25,96,69,551. The company's turnover for the past three financial years was ₹25,06,74,570 (2022-23), ₹31,34,97,176 (2023-24), and ₹25,96,69,551 (2024-25). The indicative time period for the completion of the acquisition is March 31, 2026. This transaction does not fall under related party transactions, and the promoter/promoter group/group companies of Crizac Limited have no interest in GTCPL.
