Announced Tue, 23 Jun · 18:55 IST
Rashi Peripherals approves Rs 368.50 Cr acquisition of VDA Infosolutions
RPTECH · price
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AI summary
Board approved acquiring 67% stake in VDA Infosolutions for Rs 368.50 Cr cash (at minimum Rs 550 Cr valuation). Deal is staggered: 67% upfront, then 11% each year, reaching full 100% by August 2029. VDA offers enterprise tech, cloud and cybersecurity solutions with FY26 revenue of about Rs 850 Cr. Not a related party deal. Board also reappointed Deloitte Haskins and Sells LLP as statutory auditors for a second 5 year term until 2031.
Likely market impact
Acquisition diversifies beyond IT distribution and adds about Rs 850 Cr revenue, but uses Rs 368 Cr cash upfront. VDA becomes a subsidiary. Auditor continuity is positive.