Announced Tue, 23 Jun · 18:51 IST
Rashi Peripherals to buy 67% stake in VDA Infosolutions for Rs 368.50 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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+3.4+3.6+3.7+1.5+5.9+3.3+6.0+6.5+7.4+3.4+3.1+5.7——
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AI summary
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.
Likely market impact
Strategic move into enterprise tech services. VDA becomes subsidiary adding about Rs 850 Cr revenue. Watch for integration and deal completion risks.