Multitude Growth Funds Limited has announced a board meeting on 21.01.2025 to disclose details of acquiring 20,00,000 equity shares in ID Info Business Services Limited through a preferential allotment.

This acquisition represents 10.25% of ID Info's post-acquisition voting capital, bringing Multitude's total holding to 20,00,000 shares.

This strategic move indicates Multitude’s confidence in ID Info's growth potential and may enhance its investment position.

Investors may view this as a positive outlook, as it suggests an opportunity for increased influence in the target company’s operations.