
GTT Data Solutions Approves Preferential Issue for Acquisitions
GTT Data Solutions Ltd's Board of Directors has approved several key resolutions, including the rescission of previous resolutions related to acquisitions and preferential issues. The company has approved the acquisition of 47.47% of Antworks Solutions India Private Limited (ASIPL) for ₹37.99 crore, to be discharged via equity shares. Additionally, they approved the acquisition of 48.95% of Insurants AI Limited (UK) for ₹9.33 crore, also through equity share issuance. The board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and noted the retirement by rotation of Director Mr. Kaushal Uttam Shah. The completion of these acquisitions is subject to shareholder and regulatory approvals.
Key Highlights
- Approved acquisition of 47.47% in ASIPL for ₹37.99 Cr via equity.
- Approved acquisition of 48.95% in Insurants AI (UK) for ₹9.33 Cr via equity.
- Rescinded prior resolutions for acquisitions and preferential issues.
- Approved Q1 FY27 Unaudited Financial Results (Standalone & Consolidated).
- Acquisitions subject to shareholder and regulatory approvals.
Price Impact
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