Announced Fri, 9 Oct, 2026 · 17:47 IST
Board approves buying remaining 40 percent stake in US step-down arm
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved buying the remaining 40 percent stake in US arm eData Solutions INC from promoter Manan Kothari for up to USD 1.5 million (about 14.47 Crores), making it fully owned. Also approved USD 1.5 million loan to eData. Approved Rs 32 Crore corporate guarantee, Rs 5 Crore loan, and office leasing with Gemini Innovations linked to promoter Forum Kapashi. All related party deals need shareholder approval via postal ballot.
Likely market impact
All deals need shareholder approval via postal ballot. Promoter-linked transactions raise governance flags while offering full control of US arm.