Avant Group to acquire 27% stake in Indian software firm

Avant Group Corporation announced it will acquire shares in BeyondSquare Solutions Private Limited, an Indian consolidated accounting software provider, as part of its overseas expansion strategy.

The acquisition will occur in three stages through new share issuance, convertible shares, and stock acquisition rights. Total cost is $4.15 million, comprising $4 million for common shares and $150,000 in advisory fees.

Avant Group will acquire 1,768,292 shares, representing 27.09% voting rights in BeyondSquare Solutions. The agreement is expected to conclude in August 2025, with final share transfer projected for August 2026.