Announced Thu, 23 Apr · 14:18 IST
First phase of ETT Solutions DMCC acquisition completed; holding now 34%
DREAMFOLKS · 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
-4.4%1-day move
₹84.33
prior close
₹83.38
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0-0.3-0.5-4.4-2.2-3.0-3.4-2.8-5.8-10.1-9.1-17.0-21.1
Up moveDown movePending
AI summary
Dreamfolks Services has completed the first phase of acquiring ETT Solutions DMCC — a secondary share purchase registered with Dubai Multi Commodities Centre Authority, taking its stake to 34%. The second phase, a primary share subscription, will follow per agreed timelines, after which Dreamfolks' total holding in ETT will rise to 60.24%, making it a majority subsidiary.
Likely market impact
Strengthens Dreamfolks' international footprint; ETT to become a majority-owned subsidiary post next phase, offering potential revenue and strategic upside.