Acquisitions13 Jun 2026, 03:30 pm
Tera Software Completes Acquisition of TSIPL, Making it Wholly Owned Subsidiary
AI Summary
Tera Software Limited has successfully acquired the remaining 26% equity stake in TS Innovations Private Limited (TSIPL) from promoter group entity Sitra Infotech Private Limited for ₹26,000. This acquisition, effective June 13, 2026, increases Tera Software's shareholding in TSIPL from 74% to 100%, making TSIPL a wholly owned subsidiary. The transaction is an inter-se transfer within the promoter group and does not alter the control or business operations of TSIPL. TSIPL is an existing subsidiary engaged in IT and software services.
Key Highlights
- Tera Software acquired remaining 26% stake in TSIPL for ₹26,000.
- TSIPL is now a wholly owned subsidiary of Tera Software.
- Acquisition effective from June 13, 2026.
- Transaction is inter-se among promoter group entities.
- No change in control or business operations of TSIPL.
Price Impact
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