Datamatics Global Services Limited (NSEI:DATAMATICS) agreed to acquire Dextara Digital Private Limited for INR 1.7 billion on April 1, 2024. The board of directors of Datamatics approved the transaction. The transaction will close in tranches, 80% of the stake to be acquired on or before April 30, 2024, the next 10% expected to occur between 12 and 14 months after the first closing date and the next 10% expected to occur between 12 and 14 months after the second closing date.

Palm Tree LLC acted as financial advisor to Datamatics Global Services in the transaction.