Rashi Peripherals to acquire 67% stake in VDA Infosolutions for Rs 368.5 Cr
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On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 3.1 pts more than its Computers Hardware & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved acquiring 67% stake in VDA Infosolutions, an IT solutions firm with Rs 850 Cr revenue, for Rs 368.50 Cr cash. Staggered deal: 67% upfront, remaining 33% over 3 years, full 100% by Aug 2029. VDA becomes subsidiary. Not a related-party deal. Also reappointed Deloitte Haskins and Sells LLP as statutory auditors for a second 5-year term.
Expands into enterprise tech services; potential revenue accretion from VDA's Rs 850 Cr business. Watch integration and cash outflow impact.