Rashi Peripherals to buy 67% stake in VDA Infosolutions for Rs 368.50 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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Rashi Peripherals board approved acquiring 67% stake in VDA Infosolutions, an enterprise tech and digital solutions firm, for Rs 368.50 Cr in cash. VDA had FY25-26 revenue of about Rs 850 Cr. Deal is staggered: 67% upfront, balance 33% by August 2029. VDA will become a subsidiary. Board also reappointed Deloitte Haskins and Sells LLP as statutory auditors for a second 5-year term.
Strategic move into enterprise tech services. VDA becomes subsidiary adding about Rs 850 Cr revenue. Watch for integration and deal completion risks.