Rashi Peripherals to acquire 67% stake in VDA Infosolutions for Rs 368.5 Cr
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Rashi Peripherals board approved acquiring 67% stake in VDA Infosolutions for Rs 368.50 Cr cash. VDA, founded in 2010, offers enterprise technology and digital solutions including cloud, cybersecurity, data protection and IT consulting. VDA reported turnover of Rs 772 Cr in FY24, Rs 1035 Cr in FY25, and Rs 850 Cr in FY26 (unaudited), with net worth of Rs 234 Cr. Deal is staggered: 67% upfront, balance 33% in three equal annual tranches of 11% each by August 2029. VDA will become a subsidiary. Complements core IT distribution business. Not a related party transaction. Board also recommended reappointing Deloitte Haskins and Sells LLP as auditors for another 5 years.
Strengthens IT distribution with forward integration into enterprise tech, adding about Rs 850 Cr in revenue. Full 100% acquisition expected by 2029, smoothening future consolidation.