Share India Securities to amalgamate Ace Alpha Tech
Share India Securities Limited announced that its Board of Directors has approved the Scheme of Amalgamation of Ace Alpha Tech Limited with Share India Securities Limited. The amalgamation aims to integrate complementary business activities, consolidate technology capabilities with financial services operations, and strengthen the technology-enabled financial services business. Ace Alpha Tech primarily develops technology-driven solutions for financial markets, including automated trading systems. Share India Securities is a diversified financial services company. The transaction will be implemented under the Companies Act, 2013, subject to regulatory approvals. The share exchange ratio is 863 equity shares of Share India Securities for every 1,000 equity shares of Ace Alpha Tech.
Key Highlights
- Board approved amalgamation of Ace Alpha Tech with Share India Securities.
- Aims to integrate technology solutions with financial services operations.
- Share exchange ratio: 863 shares of Share India for 1000 of Ace Alpha Tech.
- Transaction subject to statutory and regulatory approvals.
- Expected to strengthen technology capabilities and drive growth.
Price Impact
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