Empyrean Spirits Private Limited agreed to acquire VirtualSoft Systems Limited (BSE:531126) for approximately INR 110 million in a reverse merger transaction on June 25, 2024. The consideration consists of 19.4 million common equity of VirtualSoft Systems Limited to be issued for common equity of Empyrean Spirits Private Limited. Transaction has already been approved by VirtualSoft Systems Limited's board of director's. Transaction is expected to complete approximate 2-3 months.