Mumbai, Dec. 1 -- The acquisition will be executed through a mix of secondary share purchase and primary subscription, resulting in DreamFolks taking a 60.24% stake in the Dubai-based firm. Once completed, ETT will become a foreign subsidiary of the company.

ETT, operating under the brand 'Easy to Travel', provides airport lounge access and fast-track airport services across more than 120 countries and 500 airports. DreamFolks said the deal supports its goals of expanding geographically, diversifying clients and integrating advanced technology into its platform. The company expects the acquisition to strengthen its global lounge business and enhance its service offerings.

The transaction is subject to procedural requirements, including ...