Core Insights - Diginex Limited has signed a definitive share purchase agreement to acquire The Remedy Project Limited, enhancing its capabilities in labor and human rights within global supply chains [1][2] Group 1: Acquisition Details - The acquisition follows a non-binding Memorandum of Understanding signed on November 21, 2025, and is expected to close soon, pending customary conditions [2] - The Remedy Project specializes in human rights due diligence, grievance mechanisms, and remediation, which aligns with Diginex's strategy for ESG compliance and supply chain due diligence [1][3] Group 2: Market Context - There is a growing demand for effective remediation in global supply chains due to stringent regulations like the EU corporate sustainability due diligence directive (CS3D), which necessitates companies to implement verifiable remediation processes [3] - Diginex has partnered with major companies such as Coca-Cola and Unilever to enhance supply chain transparency and human rights due diligence [4] Group 3: Technological Integration - The Remedy Project's expertise in grievance mechanisms and remediation frameworks complements Diginex's AI-powered tools, particularly enhancing the diginexAPPRISE platform [5] - Diginex's diginexAPPRISE application collects actionable data from supply chain workers to identify risks and improve transparency [5] Group 4: Leadership and Vision - Archana Kotecha, Founder and CEO of The Remedy Project, will join Diginex's executive team to focus on remedy innovation and global relationships [6] - Diginex's Chairman, Miles Pelham, emphasized the synergy between The Remedy Project's advisory expertise and Diginex's technology, positioning the company to address the full lifecycle of human rights due diligence [7]
Diginex Limited Executes Landmark Deal to Build Supply Chain Compliance Leader