Datamatics Global Services Limited filed a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the completion of acquisition by its material wholly owned subsidiary, Lumina Datamatics Limited (LDL).

Transaction Details

  • Previous Disclosure: Company had informed exchanges on December 09, 2024 about entering into Definitive Agreements (Share Purchase Agreement, Shareholders Agreement) to acquire 100% stake in TNQTech in one or more tranches
  • First Tranche: Completed on December 31, 2024 for 80% stake acquisition
  • Second Tranche: Completed on July 31, 2026 for remaining 20% stake
  • Shares Acquired: 2,02,000 equity shares of face value ₹10 each
  • Total Stake: LDL's stake increased to 100% from previous 80%

Financial Considerations

  • First Tranche Consideration: ₹348 crores
  • Second Tranche Consideration: ₹206.80 crores
  • Total Acquisition Cost: ₹554.80 crores
  • Consideration Type: Cash consideration
  • Transaction Basis: Arm's length basis, not a related party transaction

Target Company Details

  • Name: TNQ Tech Private Limited
  • Date of Incorporation: March 10, 2023
  • Business: Pre-press publishing services, design services, software development and maintenance services for international publishers of scientific, technology and medical journals and books
  • Innovation: Several patents for technology products in publishing and content technology
  • Global Presence: Operations in India, Europe, and North America

Financial Performance of TNQTech

  • FY 2023-24: ₹141.82 crores (represents revenue for six-month period only as business operations commenced on October 1, 2023)
  • FY 2024-25: ₹296.62 crores
  • FY 2025-26: ₹338.09 crores

Strategic Impact and Rationale

  • Strengthens combined workforce to over 7,500 employees globally
  • Establishes company as dominant service provider in digital content space
  • Enhances suite of AI-enabled technology and products
  • Combines capabilities for managing entire publishing process from online content creation to product delivery
  • Positions at forefront of content workflows

Corporate Structure Impact

  • TNQTech becomes Wholly Owned Subsidiary of Lumina Datamatics Limited
  • TNQTech becomes Wholly Owned Step-Down Subsidiary of Datamatics Global Services Limited
  • Effective date: July 31, 2026