Algorhythm Signs New Master Service Agreement With A Mumbai-based Multinational Consumer Goods Company; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Algorhythm has signed a Master Service Agreement with a Mumbai-based multinational consumer goods company. The agreement involves Algorhythm's subsidiary, SemiCab, providing AI-powered shipping services in India, starting mid-October 2024. Algorhythm plans to acquire its Indian subsidiary, SMCB Private Solutions Limited, by Q4 2024.
October 09, 2024 | 11:09 am
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Algorhythm's new agreement with a major consumer goods company in India could enhance its market presence and operational efficiency. The planned acquisition of its Indian subsidiary may further strengthen its position.
The agreement with a major consumer goods company in India is likely to increase Algorhythm's market presence and revenue potential. The acquisition of its Indian subsidiary will consolidate its operations, potentially leading to improved efficiency and profitability.
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