Announced Mon, 29 Jun · 18:04 IST
Clio Infotech to invest Rs 87 crore in Clio Tech (Seychelles) IT arm
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
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1+15.5+21.1+27.2+33.5+47.0+60.8———
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AI summary
Board approved investing up to Rs 87 crore to acquire 100 percent of Clio Tech Limited, a newly incorporated IT services company based in Seychelles. The target was set up in March 2026 and has not started operations yet, with no turnover so far. Clio Infotech has already put in Rs 21.43 crore for 22.3 lakh equity shares, with the rest to be invested in tranches within 12 months. Deal is in cash, at arms length, with no promoter interest.
Likely market impact
Company is foraying into IT services overseas via a new subsidiary. Heavy cash deployment of Rs 87 crore but no revenue from target yet.