Aurionpro Solutions Limited has acquired a 67% stake in Arya.ai, aiming to enhance its fintech offerings with advanced AI solutions tailored for the banking and insurance sectors.
Target Company Information
Aurionpro Solutions Limited (BSE: 532668, NSE: AURIONPRO) has announced the strategic acquisition of Arya.ai, a Mumbai-based Platform as a Service (PaaS) startup specializing in AI solutions for the banking and insurance sectors. With this acquisition, Aurionpro aims to substantially enhance its offerings in enterprise fintech, focusing on responsible, accurate, and auditable AI systems that meet the evolving demands of financial institutions worldwide.
Under the terms of the acquisition agreement, Aurionpro will secure a majority stake (67%) in Arya.ai in an all-cash transaction. This investment, totaling approximately $16.5 million, includes the purchase of shares from existing shareholders and the subscription of new equity. Arya.ai's products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, and Autonomous AI Platforms are expected to complement Aurionpro’s comprehensive portfolio, enhancing the value delivered to over 100 banks and insurers across Asia.
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Industry Overview
The financial services sector in India has seen significant transformation in recent years, fueled by technological advancements and a growing emphasis on digital solutions. With rapid adop
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Disclosed details
Transaction Size: $17M