Announced Wed, 24 Jun · 18:45 IST
Rose Merc completes 30.01% acquisition of Virtual Gain Technologies
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹62.90
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+0.2-1.8+1.6-3.4+4.7+4.1+8.4+5.6——
Up moveDown movePending
AI summary
Rose Merc has completed the acquisition of a 30.01% stake in Virtual Gain Technologies Private Limited for a cash consideration of up to Rs. 1 crore at Rs. 2,332 per share. Virtual, a fintech and tech services firm with FY26 turnover of Rs. 1.24 crore, is now a board-controlled subsidiary of Rose Merc. The acquisition supports Rose Merc's entry into India's fintech sector.
Likely market impact
Strategic move into fintech; Virtual becomes subsidiary. Small deal value of Rs. 1 crore limits immediate financial impact.