Merger6 Nov 2026, 09:37 pm
Share India Securities to amalgamate Ace Alpha Tech
AI Summary
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 is intended to integrate complementary business activities, consolidate technology capabilities with financial services operations, and strengthen the overall technology-enabled financial services business. The proposed scheme is subject to necessary statutory and regulatory approvals. The share exchange ratio will be 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.
- Amalgamation aims to integrate technology and financial services.
- Scheme subject to regulatory and statutory approvals.
- Share exchange ratio set at 863:1000.
- Expected to strengthen technology capabilities and business growth.
Price Impact
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