Announced Mon, 29 Jun · 18:08 IST
Board approves Rs 87 crore acquisition of Clio Tech in Seychelles
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
+10.1%1-day move
₹7.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1+15.5+21.1+27.2+33.5+47.0+60.8———
Up moveDown movePending
AI summary
Clio Infotech board approved investing about Rs 87 crore to acquire 100 percent of Clio Tech Limited, a newly incorporated IT services firm in Seychelles. Already invested Rs 21.43 crore for 22.3 lakh equity shares. Balance will come in tranches over 12 months via cash. Clio Tech was set up in March 2026 with no turnover yet. Deal is at arms length, not a related party transaction.
Likely market impact
Full acquisition of newly formed IT firm abroad. Rs 21.43 crore already deployed of Rs 87 crore. No revenue from target yet, near-term impact limited.