Announced Thu, 23 Jul · 19:28 IST
Belding India acquires 100% stake in Evolve IT Solutions for Rs 10.75 Cr
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.5%1-day move
₹1029.00
prior close
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base price
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AI summary
Belding India has acquired 100% equity stake in Evolve IT Solutions for Rs 10.75 crore in cash, making it a wholly-owned subsidiary. Evolve makes X-ray inspection and security screening systems (baggage, cargo, vehicle scanners) for airports, ports, defence and critical infrastructure, with a Pune manufacturing facility. Turnover: Rs 20.81 cr (FY25), Rs 14.81 cr (FY24), Rs 20 cr (FY23). Deal done at arm's length, not a related party transaction.
Likely market impact
Acquisition adds security screening tech business to Belding, diversifying into high-growth defence and infrastructure segments. Positive for long-term growth.