Acquisitions8 Sept 2026, 05:00 pm
Systematic Industries to acquire WBIPL for ₹21.5 Cr via share swap & cash
AI Summary
Systematic Industries Ltd announced board approval for the acquisition of 100% equity in Wire Brigade Industries Private Limited (WBIPL) for a total consideration of ₹21.5 crore. The acquisition will be funded through a combination of share swap, involving the issuance of 9,42,600 equity shares of Systematic Industries at ₹228 per share to Veritas Industries Private Limited, and a cash payment of ₹86,000 for the remaining shares. Additionally, the company plans to raise up to ₹33.94 crore by issuing 14,88,600 equity shares at ₹228 each on a preferential basis to promoters and non-promoters. Both transactions are subject to shareholder and regulatory approvals.
Key Highlights
- Board approves acquisition of 100% stake in WBIPL for ₹21.5 crore.
- Acquisition to be partly settled via share swap and partly via cash.
- Company to raise ₹33.94 crore via preferential allotment.
- Share issuance includes promoters and non-promoters.
- Transactions are subject to shareholder and regulatory approvals.
Price Impact
More from SYSTEMATIC