Core Insights - Diginex Limited has successfully acquired The Remedy Project Limited, enhancing its capabilities in sustainability and human rights within global supply chains [1][2][3] Group 1: Acquisition Details - Diginex issued 1,000,000 shares to The Remedy Project's sole shareholder and may issue an additional 1,000,000 shares based on performance targets over the next three years [1] - The acquisition aims to integrate Diginex's supply chain technology with The Remedy Project's expertise in human rights due diligence and grievance mechanisms [2][4] Group 2: Strategic Implications - The combination of Diginex's tools and The Remedy Project's advisory services will help companies identify human rights risks and implement effective remediation strategies [2][5] - This acquisition strengthens Diginex's position in supply chain compliance, providing clients with advanced tools to manage ESG requirements and enhance social impact [5] Group 3: Company Background - Diginex is a sustainable RegTech business that utilizes blockchain, AI, and data analysis to improve transparency in corporate regulatory reporting and sustainable finance [6] - The Remedy Project, founded in 2020, specializes in labor and human rights advisory services, focusing on high-risk sectors and regions in Asia [8][9]
Diginex Completes Acquisition of The Remedy Project Amid Growing Global Demand for Human Rights Due Diligence in Supply Chains