Acquisitions21 May 2026, 07:31 pm
IDream Film Infra Acquires E-Tunnel for ₹266.4 Cr in Share Swap
AI Summary
IDream Film Infrastructure Company Ltd has acquired 100% stake in E-Tunnel Inc., a South Korean biometric authentication company, for ₹266.40 Cr. The acquisition was completed through a share swap, with IDream allotting 26,64,03,280 equity shares at ₹10 each. This move enables Idream to enter the biometric security market, leveraging E-Tunnel's finger-vein authentication technology. E-Tunnel's turnover for the calendar year 2024 was ₹21.14 Crore.
Key Highlights
- IDream Film Infra acquired E-Tunnel Inc. for ₹266.40 Cr via share swap.
- 26,64,03,280 equity shares allotted at ₹10 each for the acquisition.
- E-Tunnel's 2024 turnover was ₹21.14 Crore; it specializes in biometric authentication.
- Acquisition provides Idream access to biometric security market and technology.
- The deal was conducted on an arm's-length basis with independent valuation.
Price Impact
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