Acquisitions22 Sept 2026, 03:45 pm
Maithan Alloys acquires 0.01% stake in ESDS for ₹1.90 Cr
AI Summary
Maithan Alloys Ltd has acquired 11,730 equity shares, representing a 0.01% stake, in ESDS Software Solution Limited through the stock exchange. The acquisition, completed on September 21, 2026, cost ₹1.90 Crore and was made via cash consideration. Maithan Alloys stated the purpose is to reap long-term/short-term investment benefits and clarified that it does not intend to acquire management control of ESDS. ESDS Software Solution Limited is an AI-enabled end-to-end IT service provider, reporting a turnover of ₹378 Crore and PAT of ₹62 Crore as of March 31, 2026.
Key Highlights
- Maithan Alloys acquired 0.01% stake in ESDS Software Solution.
- The acquisition cost was ₹1.90 Crore via cash consideration.
- Purpose is for long-term/short-term investment benefits.
- Maithan Alloys does not intend to acquire management control.
- ESDS is an IT-enabled service provider with ₹378 Cr turnover.
Price Impact
More from MAITHANALL