Investment24 Sept 2026, 10:12 pm
Maithan Alloys Acquires 0.24% Stake in ESDS Software for ₹50.19 Cr
AI Summary
Maithan Alloys Ltd has acquired a 0.24% stake, comprising 279,000 shares, in ESDS Software Solution Limited for a total consideration of ₹50.19 Crore. The acquisition occurred on September 23, 2026, through the stock exchange and is considered an investment for long-term/short-term benefits. Maithan Alloys does not intend to acquire control of ESDS Software's management. ESDS Software Solution Limited is an AI-enabled IT service provider with a turnover of ₹378 Crore and PAT of ₹62 Crore as of March 31, 2026. The transaction was conducted at arm's length.
Key Highlights
- Maithan Alloys acquired 0.24% stake in ESDS Software for ₹50.19 Cr.
- Acquisition made via stock exchange for investment purposes.
- No intention to gain control of ESDS Software's management.
- ESDS Software is an IT service provider with ₹378 Cr turnover.
- Transaction deemed at arm's length.
Price Impact
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