Announced Tue, 23 Jun · 19:02 IST
Rashi Peripherals to acquire 67% stake in VDA Infosolutions for Rs 368.5 Cr
RPTECH · price
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Price reaction · full curve 14 horizons · vs prior close
+5.9%1-day move
₹735.60
prior close
₹746.00
base price
After-mkt
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AI summary
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.
Likely market impact
Expands into enterprise tech services; potential revenue accretion from VDA's Rs 850 Cr business. Watch integration and cash outflow impact.