Details of Acquisition as per attached letter.
Price
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Awaiting price reaction for this filing.
Synthiko Foils Limited (BSE: 513307) has approved the acquisition of 100% stake in DC&T Global Private Limited (DC&T) on a fully-diluted basis through a share swap arrangement. The deal values DC&T at Rs. 1,046.74 crore, to be paid by issuing 1.36 crore equity shares of Synthiko Foils. DC&T operates in EPC solutions, data centre infrastructure, and technology hardware, with a net worth of Rs. 439 crore. The acquisition is a related party transaction since DC&T's directors/shareholders include members of Synthiko Foils' promoter group. Shareholder and stock exchange approvals are pending, and the deal is expected to close by December 31, 2025.
This is a significant pivot for Synthiko Foils into the high-growth data centre and EPC space, but the large share swap (1.36 crore new shares) will meaningfully dilute existing shareholders. Related-party nature warrants close scrutiny on valuation fairness.