Board approves 51 percent acquisition of GScale Energy for Rs.190 Cr

Board & Shareholder Meetings View source PDF

SETL · price

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AI summary

SETL board approved acquiring up to 51 percent stake in GScale Energy for Rs.190 Cr (Rs.125 Cr cash plus Rs.65 Cr share swap). GScale is an AI datacenter engineering firm founded by ex-CtrlS president Mr. Kasu Brahma Reddy, with 486 MW delivered and 1 GW plus under execution. Total phased investment about Rs.500 Cr, self-funded. Completion targeted within 90 days. FY27 revenue target about Rs.250 Cr from this vertical. Management guides 40 to 50 percent growth in existing operations.

Likely market impact

Strategic entry into high-growth AI datacenter engineering. Diversifies revenue. Self-funded, no new debt. Near-term dilution likely from new subsidiary ramp-up.