Uravi Defence and Technology Limited has informed the Exchange regarding 'Acquisition of shares of Spafax International Holdings (Spafax) Limited by Bharat Technology Limited'.
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Uravi Defence and Technology Limited has informed the exchanges that its wholly owned subsidiary, Bharat Technology Limited, has acquired 10,100 equity shares of Spafax International Holdings Limited. This represents a 10% stake in Spafax's share capital. The intimation was made under SEBI Listing Regulations and follows a prior communication dated February 20, 2026. The acquisition is a step-down transaction, executed at the subsidiary level rather than directly by the listed parent.
This is a small, strategic acquisition by the company's wholly owned subsidiary giving it a 10% stake in Spafax International Holdings. The financial impact on Uravi's consolidated books is likely modest, but it signals the company's intent to build exposure in Spafax, which may be expanded further in future. Shareholders should watch for any related disclosures on valuation, funding source, or potential follow-on stake increases.