Eternal To Swap AdOnMo Stake For Mygate Shares In Proposed Merger Deal

by · Inc42

SUMMARY

  • Eternal will transfer its entire stake in AdOnMo to Mygate in exchange for shares in the community management platform ahead of their proposed merger
  • Eternal’s eventual 4.4% stake in the merged Mygate entity is currently valued at ₹156 Cr, compared with its ₹112 Cr investment in AdOnMo
  • The transaction is subject to definitive agreements and customary closing conditions, with AdOnMo set to cease to exist as a separate entity following the merger