
Acquisitions12 Oct 2026, 03:06 pm
Komal Infotech & Rakesh Shah Acquire 65.42% of ECS Biztech
AI Summary
Komal Infotech Private Limited and Rakesh Ramanlal Shah have jointly acquired 1,34,46,936 equity shares, representing 65.42% of the total equity share capital of ECS Biztech Limited. This acquisition was made pursuant to a Share Purchase Agreement dated July 29, 2026, and the transaction was completed via an off-market purchase on October 08, 2026. Komal Infotech Private Limited individually acquired 11,43,410 shares (5.56%), increasing its holding to 9.47%. Rakesh Ramanlal Shah's holding remains at 55.95%. Following this transaction, the acquirers have become part of the promoter and promoter group of ECS Biztech Limited.
Key Highlights
- Komal Infotech & Rakesh Shah acquired 65.42% of ECS Biztech.
- Acquisition completed via Share Purchase Agreement on Oct 8, 2026.
- Komal Infotech's stake increased to 9.47% (19,46,936 shares).
- Rakesh Shah's stake remains 55.95% (1,15,00,000 shares).
- Acquirers are now part of ECS Biztech's promoter group.
Price Impact
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