Allotment of Equity shares under preferential issue.
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On April 18, 2025, the board of GTT Data Solutions approved the allotment of 35,82,068 equity shares at Rs. 130 each (face value Rs. 10, premium of Rs. 120) on a preferential basis to 5 non-promoter allottees. The shares were issued not for cash but as consideration for acquiring a 67.30% stake in CRG Solutions Pvt Ltd and an 83.23% stake in Alpharithm Technologies Pvt Ltd. The total value of shares issued is roughly Rs. 46.57 crore. As a result, the company's issued capital rose to Rs. 41.90 crore (4.19 crore shares) and paid-up capital to Rs. 27.53 crore. The board also redesignated Mr. Ganesh Natarajan as Executive Chairman (from Non-Executive Chairman), appointed three senior management personnel, and reconstituted the Audit Committee.
This is a non-cash share swap, so existing shareholders are not diluted by new cash coming in - dilution of roughly 8.5% in share count is balanced by the addition of two operating businesses (CRG and Alpharithm). The Rs. 120 premium signals confidence in the deal value, and the founder-led acquisition teams joining as senior management suggests alignment with long-term growth.