Reliance Industrial Investments & Holdings, a wholly-owned subsidiary of Reliance Industries has entered into agreement for acquisition of equity shares of Surajya Services (Easygov) for a cash consideration not exceeding Rs 18 crore. RIIHL will further invest an amount not exceeding Rs 50 crore. The said investment upon completion will translate into 76% equity stake in Easygov on a fully diluted basis. The total investment is likely to be completed by March 2021.
Easygov is a software service and data solutions company incorporated on 19 May 2015. Easygov is focused on citizen centric software solutions and services that help in improving convenience to people in accessing and digitally applying for Government to Citizen (G2C) schemes and services.
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