The Board of Directors of the Company at their meeting held on September 26, 2025 considered and approved acquisition of Theia Education Private Limited. The details regarding acquisition ....
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ACE Software Exports' board, at its September 26, 2025 meeting, approved a Rights Issue of partly paid-up equity shares (face value ₹10) to raise up to ₹72 Crores from existing shareholders. Separately, the board cleared the acquisition of a 70% stake in Theia Education Private Limited (TEPL), an Ahmedabad-based AI-driven Ed-Tech company founded in 2023, for a total cash consideration of about ₹12.56 Crores (₹345 per share). The deal involves buying 2.04 lakh shares from existing shareholders (~₹7.04 Cr) plus subscribing to 1.60 lakh fresh shares via preferential allotment (~₹52 lakh). The acquisition is expected to complete within one year and is not a related-party transaction. ACE Software stated the move will help it diversify into the fast-growing Ed-Tech sector, leveraging its technology expertise alongside TEPL's AI-powered learning platform.
Shareholders may see dilution from the ₹72 Crore Rights Issue and a cash outflow of ~₹12.56 Crores for the TEPL acquisition. The move diversifies the company into AI-based Ed-Tech, which could be seen as a positive long-term growth signal, though near-term stock reaction will depend on the rights issue price, entitlement ratio, and market appetite for the fundraising.