Acquisitions25 Sept 2025, 03:13 pm
Sattrix Information Security Ltd. Approves Acquisition of Sattrix Software Solutions Private Limited in Share Swap Deal
AI Summary
Sattrix Information Security Ltd. has announced the revised outcome of its Board Meeting held on 25.09.2025. The Board approved the acquisition of 100% stake in Sattrix Software Solutions Private Limited (SSS) through a share swap deal. The acquisition will be carried out by issuing up to 45,48,379 Equity Shares of Sattrix Information Security Limited to the existing shareholders of SSS, based on a swap ratio of 379:1. The decision is subject to the approval of shareholders through postal ballot, e-voting, and applicable regulatory approvals.
Key Highlights
- Acquisition of 100% equity stake in Sattrix Software Solutions Private Limited
- Share swap deal involving issuance of up to 45,48,379 Equity Shares of Sattrix Information Security Limited
- Swap ratio of 379:1
- Subject to approval of shareholders through postal ballot, e-voting, and regulatory approvals
- Increase in the Authorised Share Capital of the Company from Rs. 7,50,00,000 to Rs. 30,00,00,000 divided into 3,00,00,000 Equity Shares of Rs. 10/- each