StockWatch
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Ferro & Silica Manganese
Acquisitions10 Sept 2026, 01:21 pm

Maithan Alloys Acquires ESDS Software Shares for ₹10.83 Cr

AI Summary

Maithan Alloys Limited has acquired 75,160 equity shares of ESDS Software Solution Limited, representing 0.06% of the shareholding, for a total cost of ₹10.83 Crore. The acquisition, completed on September 9, 2026, was made through the stock exchange as an investment to reap short-term and long-term benefits. Maithan Alloys does not intend to acquire control of ESDS Software Solution Limited. The acquired entity is an AI-enabled end-to-end IT service provider with a turnover of ₹378 Crore in FY26. The transaction was conducted at arm's length and does not involve related parties.

Key Highlights

  • Acquired 0.06% stake in ESDS Software Solution Limited for ₹10.83 Cr.
  • Acquisition made via stock exchange for investment purposes.
  • No intention to gain control of the target entity.
  • ESDS Software Solution is an IT service provider with FY26 turnover of ₹378 Cr.