Merger6 Nov 2026, 06:31 pm
Ace Alpha Tech to Amalgamate with Share India Securities
AI Summary
Ace Alpha Tech Ltd announced that its Board of Directors has approved the Scheme of Amalgamation of Ace Alpha Tech Limited with Share India Securities Limited. The amalgamation will be carried out as a going concern, integrating the technology capabilities of Ace Alpha Tech with the capital markets business of Share India Securities. The proposed scheme is not a related party transaction, although some promoters of Ace Alpha Tech hold shares in Share India Securities. The share exchange ratio is 863 equity shares of INR 2 each of Share India Securities for every 1000 equity shares of INR 10 each of Ace Alpha Tech.
Key Highlights
- Board approves Scheme of Amalgamation between Ace Alpha Tech and Share India Securities.
- Amalgamation aims to consolidate technology and financial services businesses.
- Share exchange ratio set at 863:1000 for Ace Alpha Tech shareholders.
- Scheme is subject to regulatory and NCLT approvals.
- Proposed transaction is not classified as a related party transaction.
Price Impact
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