India, May 15 -- Months after announcing its 25% stake purchase in Trulot Technologies Pvt Ltd Yudiz Solutions has clarified that the latter is only purchasing a 5% stake in the company.

Blaming it on a "typographical error", Yudiz said that it is only acquiring 25 equity shares instead of 1K equity shares in the fleet management solutions provider platform.

The company further elaborated that the previous disclosure " inadvertently" mentioned the proposed stake to be 25%, instead of 5%.

"The figure of "25%" was inadvertently mentioned due to a typographical mistake and we sincerely regret the oversight," Yudiz added.

During the previous disclosure in March, the company said that this acquisition would help it to strengthen, leverage ...