Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that, the Board of Directors of the Company in their meeting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IDream Film Infrastructure Company has acquired 100% stake in E-Tunnel Inc., a South Korean company, through a share swap deal. The company allotted 26,64,03,280 equity shares of Rs. 10 each (totaling Rs. 266.40 crore) to the sellers of E-Tunnel. E-Tunnel is a biometric authentication hardware company incorporated in December 2021, holding patents for finger-vein authentication technology across Korea, the U.S., Europe, and Japan. E-Tunnel recorded turnover of Rs. 27.20 crore in CY2025 and Rs. 21.14 crore in CY2024. The acquisition is not a related-party transaction and was done on an arm's-length basis with no cash outflow. This marks IDream's entry into the global biometric security market.
Significant dilution for existing shareholders due to issuance of ~26.64 crore new shares. The deal pivots the company into biometric authentication technology, which could be positive for long-term growth prospects but involves entering a completely new business line outside the company's core film infrastructure domain.