
Acquisitions9 Oct 2026, 03:32 pm
Maithan Alloys Acquires ESDS Software Shares for ₹18.15 Cr
AI Summary
Maithan Alloys Ltd has acquired 128,155 equity shares, representing 0.11% of the total shareholding, in ESDS Software Solution Limited for a total cost of ₹18.15 Crore on October 8, 2026. The acquisition was made through the stock exchange and is considered a long-term/short-term investment benefit. Maithan Alloys does not intend to acquire control of ESDS Software Solution Limited'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 acquisition is an arms-length transaction and does not involve related parties.
Key Highlights
- Maithan Alloys acquired 0.11% stake in ESDS Software Solution Ltd.
- Total acquisition cost amounted to ₹18.15 Crore.
- Acquisition is for investment purposes, not control.
- ESDS Software is an IT service provider with ₹378 Cr turnover.
Price Impact
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