Acquisitions2 Jan 2025, 01:39 pm
Raneal Technologies Acquires 28.63% Stake in DCX Systems Ltd from VNG Technology
AI Summary
Raneal Technologies Pvt Ltd has acquired 28.63% equity shares of DCX Systems Limited from VNG Technology Private Limited. The transaction took place pursuant to the Scheme of Amalgamation approved by the NCLT Ahmedabad bench. The acquisition is exempted from making an open offer under Regulation 10(1)(d)(iii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Key Highlights
- Raneal Technologies Pvt Ltd acquires 28.63% stake in DCX Systems Limited from VNG Technology Private Limited.
- The transaction is pursuant to the Scheme of Amalgamation approved by the NCLT Ahmedabad bench.
- The acquisition is exempted from making an open offer under Regulation 10(1)(d)(iii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.