India, Aug. 18 -- Diginex Ltd. (DGNX), a software company and provider of Sustainability RegTech solutions, announced on Monday that it has inked a deal to buy Matter DK ApS, a Danish provider of sustainability data and analytics solutions to the investment industry.
The transaction values Matter at $13 million, which will be paid through the issuance of DGNX shares valued at $83.77 per share. These shares are subject to an 18-month lock-up period.
In connection with the transaction, senior management of Matter will be granted DGNX shares of $2.5 million valued at $83.77 per share that would be vest in equal proportions over 12 and 24 months.
The acquisition is expected to boost the acquirer's portfolio by integrating Matter's advanced E...