Allied Digital Services Limited has informed the Exchange about Acquisition
ADSL · price
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Allied Digital Services Limited's board has approved converting the entire outstanding loan given to its wholly-owned US subsidiary, Allied Digital Inc., into equity. Under a Loan Conversion Agreement effective March 25, 2026, Allied Digital Inc. will issue 6,868 equity shares at USD 1,877.99 per share (face value USD 10), aggregating to USD 12.89 million. Since the company already holds 100% in the subsidiary, there will be no change in shareholding percentage. No regulatory approvals were required, and the acquisition is expected to be completed by March 31, 2026. Allied Digital Inc. currently has no business operations and serves as an investment vehicle under Delaware corporate law.
This is an internal restructuring with no change in consolidated ownership or shareholding pattern, so it is largely neutral for shareholders. It simply converts an existing loan exposure into equity in a non-operating subsidiary, with no cash outflow or fresh capital raised.