Outcome as per attached letter.
Price
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Awaiting price reaction for this filing.
Synthiko Foils Limited's board, at its meeting on November 7, 2025, approved acquiring 100% of DC&T Global Private Limited, a data centre and technology infrastructure EPC company with a net worth of Rs. 439 crore. The total deal value is about Rs. 1,046.73 crore, to be paid entirely through a share swap. Synthiko will issue 1,36,08,849 new equity shares at Rs. 769.16 each (face value Rs. 10, premium Rs. 759.16) on a preferential basis to the sellers of DC&T. The acquisition is classified as a related party transaction, since promoters of Synthiko Foils — Umesh Kumar Sahay, Abhishek Narbaria, and Sixth Venture Advisors LLP — are also directors/shareholders of DC&T, though the price is based on an independent registered valuer's report and described as at arm's length. The allotment to 194 allottees (3 promoter entities plus 191 non-promoter investors) is subject to shareholder and stock exchange approvals, with completion targeted by December 31, 2025.
This is a major pivot for the company from its foil-making business into the high-growth data centre EPC and technology hardware space. However, existing shareholders will face significant dilution as over 1.36 crore new shares (a large preferential issuance) are being created, and the related-party nature of the deal — with promoters on both sides — will require careful shareholder scrutiny despite the arm's-length valuation claim.