Summary of Key Information:
Nature of Filing / Announcement: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition
Corporate Actions:
- Acquisition of 100% partnership interest in BBY Services India LLP
- Agreement executed on October 1, 2026
- Cash consideration: INR 1 Lakh
- Completion subject to fulfilment of conditions precedent
- Expected completion timeline: 3-4 weeks from agreement signing
Other Significant Information:
Target Entity Details:
- Name: BBY Services India LLP (LLPIN: ACE-2860)
- Incorporation: 2023 in Bengaluru
- Employee Base: Approximately 450 employees
- Business Focus: Engineering, Data & Analytics, and AI capabilities
- Industry: Information Technology (IT) and IT Enabled Services
Financial Performance of Target:
- FY 2023-24 Turnover: NIL
- FY 2024-25 Turnover: INR 48.12 crore
- FY 2025-26 Turnover: INR 294.53 crore
Strategic Objectives:
- Establishment of an AI Native Capability Center
- Delivery of services through a Human + AI operating model
- Enhancement of AI-led transformation capabilities
- Generation of incremental revenue opportunities
Regulatory Status:
- Not a related party transaction
- Promoter/promoter group/group companies have no interest in the acquired entity
- No governmental or regulatory approvals required