Acquisition of DC&T Global Private Limited, details are in attached letter.
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Synthiko Foils Limited has completed the acquisition of 100% stake in DC&T Global Private Limited, making it a Wholly Owned Subsidiary. The deal was done through a share swap, with the company allotting 1,36,08,849 equity shares to DC&T shareholders. The cost of acquisition is Rs. 1,046.74 crore for 100% stake on a fully-diluted basis. DC&T is engaged in EPC solutions for data centres, technology infrastructure, and hardware products, with a net worth of Rs. 439 crore. The acquisition is a related party transaction (promoter group members are directors/shareholders in DC&T), but is executed at arm's length based on a registered valuer's report. The acquisition gives Synthiko Foils entry into high-growth data centre and digital infrastructure businesses.
This is a transformative acquisition for Synthiko Foils, shifting it from a foil manufacturer into data centre EPC and technology infrastructure. Shareholders should note significant dilution from the share swap and that the deal is with related parties, though valued at arm's length.