Acquisitions9 Sept 2026, 02:11 pm
Maithan Alloys Acquires 0.33% Stake in ESDS Software for ₹45.52 Cr
AI Summary
Maithan Alloys Limited has acquired a 0.33% stake, amounting to 382,200 shares, in ESDS Software Solution Limited for a total consideration of ₹45.52 Crore. The acquisition was made 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. The transaction was conducted at arm's length. ESDS Software Solution Limited is an IT-enabled service provider with a turnover of ₹378 Crore and PAT of ₹62 Crore as of March 31, 2026.
Key Highlights
- Maithan Alloys acquired 0.33% stake in ESDS Software for ₹45.52 Cr.
- Acquisition made via stock exchange as an investment.
- No intention to gain control of the target entity.
- Transaction is at arm's length.
- ESDS Software is an IT service provider with ₹378 Cr turnover.
Price Impact
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