Creative Newtech board approves Rs 50.50 cr acquisition of Zicom SaaS

The board of Creative Newtech at its meeting held on 04 November 2026 has approved the acquisition of 100% of the equity share capital of Zicom SaaS for a total consideration of approximately Rs. 50.50 crore.

The acquisition consideration comprises Rs. 25 crore payable in cash and approx Rs. 25.50 crore through a share swap arrangement involving the preferential issue of 2,25,000 equity shares of Creative Newtech at an issue price of Rs. 1,133.33 per equity share.