StockWatch
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Software Products
Acquisitions13 Aug 2026, 10:50 pm

ACE Software Exports Acquires Remaining 1.38% of Ace Infoworld

AI Summary

ACE Software Exports Ltd has completed the acquisition of the remaining 8,900 equity shares, representing 1.38% of Ace Infoworld Private Limited, for a consideration of ₹8,02,246. This acquisition makes Ace Infoworld a wholly-owned subsidiary of ACE Software Exports. Ace Infoworld, incorporated in 1996, is engaged in software development and IT consultancy services. Its turnover for FY26 was ₹19 Lakhs and for FY25 was ₹0.21 Lakhs. The acquisition is in line with the company's existing IT and software business, aiming to consolidate holdings and gain complete ownership.

Key Highlights

  • ACE Software Exports now wholly owns Ace Infoworld Private Limited.
  • Acquisition cost was ₹8,02,246 for 1.38% stake.
  • Ace Infoworld is in the IT and Software Services industry.
  • Transaction aims to consolidate company's existing holdings.
  • Acquisition completed on August 13, 2026.