Announced Fri, 6 Nov, 2026 · 18:28 IST
Board approves amalgamation with Share India Securities
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The Board approved merging Ace Alpha Tech into Share India Securities as a going concern. Share India will issue 863 fully paid shares of Rs 2 each for every 1,000 Ace Alpha shares of Rs 10 each. The plan combines Ace Alpha's trading technology with Share India's capital-markets business. It still needs shareholder, creditor, tribunal and regulatory approvals.
Likely market impact
Shareholders would receive Share India shares, but the merger is not yet effective and depends on several approvals, so the near-term stock impact remains uncertain.