Acquisitions12 May 2026, 07:21 pm
Ace Software Completes QeLearn Acquisition for ₹8.9 Cr
AI Summary
Ace Software Exports Limited has completed the acquisition of the remaining 49.62% equity stake in QeLearn Private Limited for ₹8,90,10,000, making QeLearn a wholly-owned subsidiary. The acquisition was financed through the net proceeds from a Rights Issue. QeLearn, an Ed-Tech company focused on AI-driven learning solutions, had a turnover of ₹100.66 Lakhs in FY25 and ₹197.88 Lakhs in FY24. This acquisition enables Ace Software to diversify into the EdTech sector.
Key Highlights
- Ace Software acquires remaining 49.62% stake in QeLearn for ₹8.9 Cr.
- QeLearn becomes a wholly-owned subsidiary of Ace Software.
- Acquisition financed through net proceeds from Rights Issue.
- QeLearn's FY25 turnover was ₹100.66 Lakhs; FY24 turnover was ₹197.88 Lakhs.
- Acquisition diversifies Ace Software into the EdTech sector.
Price Impact
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