Ace Alpha Tech Ltd to Acquire Shares of uTrade Solutions Private Limited for Rs. 2.53 Crores

Ace Alpha Tech Ltd announced that its Board of Directors approved the acquisition of shares of uTrade Solutions Private Limited, an unlisted company, for a total consideration of Rs. 2,53,51,891.04. The acquisition, which does not fall under related party transactions, will enable Ace Alpha Tech to expand its presence on digital platforms and technology-based services, creating operational and technological synergies between the two companies. The acquisition is expected to enhance overall shareholder value on a sustainable basis. uTrade Solutions Private Limited, incorporated in 2011, is a trading technology company that provides enterprise software for financial trading. The company has a presence in India and reported a turnover of Rs. 15,16,91,591 in FY 2024-25.