The Board of Directors at its meeting held on January 08, 2026 inter-alia approved the acquisition of shares of uTrade Solutions Private Limited.
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Ace Alpha Tech Ltd's Board, at its meeting on January 8, 2026, approved the acquisition of up to 6,377 equity shares of uTrade Solutions Private Limited, representing a 1.83% stake. The total cash consideration is about Rs. 2.54 crore at Rs. 3,975.52 per share. uTrade is an unlisted IT company based in Chandigarh that provides trading technology and enterprise software for financial trading, with a net worth of Rs. 29.28 crore and FY25 turnover of Rs. 15.17 crore. The deal is not a related-party transaction and no regulatory approvals are needed, with completion targeted within 30 working days. The acquisition is aimed at expanding Ace Alpha Tech's digital platform and technology capabilities.
This is a small minority acquisition (1.83%) for about Rs. 2.54 crore in cash, so the immediate financial impact is limited. However, it signals a strategic push into trading technology and fintech-adjacent software, which could be a positive growth signal if the company deepens its involvement with uTrade over time.