Acquired 6.37% stake in Leapfrog Engineering Services for INR 19.92 cr
Price
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Deep Health AI India acquired a 6.37% stake (90.3 lakh shares) in Leapfrog Engineering Services for INR 19.92 crore in cash at INR 22.06 per share, completed June 24, 2026. Leapfrog is an EPCC firm focused on electrical, instrumentation, fire safety, modular substations and automation, serving oil and gas, pharma, food processing, metals and chemicals. Its FY25 turnover was INR 134.66 crore, FY24 was INR 157.85 crore and FY23 was INR 104.18 crore. The deal is not a related party transaction, required no regulatory approvals, and is described as routine investment.
Minority acquisition labeled as routine investment. Outlay of about INR 20 cr diversifies into engineering services but no operational control gained.