Transaction Details
The company has completed the acquisition of 2,600 equity shares of ₹10 each, constituting 26% of the paid-up share capital of TS Innovations Private Limited (TSIPL). The shares were acquired from Sitra Infotech Private Limited, an existing promoter group entity.
Consideration
The total consideration for the acquisition is ₹26,000.
Shareholding Change
Prior to this acquisition, Tera Software Limited held 74% of the paid-up share capital of TSIPL. Following the completion of this acquisition on June 13, 2026, the company's shareholding in TSIPL has increased to 100%.
Subsidiary Status
TS Innovations Private Limited has become a wholly owned subsidiary of Tera Software Limited with effect from June 13, 2026.
Transaction Nature
The acquisition is characterized as inter-se among promoter group entities and does not result in any change in control or business operations of TSIPL.
Regulatory Background
The transaction was approved by the Board of Directors of Tera Software Limited on May 16, 2025. The disclosure is made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 7, 2024.
Annexure Details
Target Entity: TS Innovations Private Limited, an existing subsidiary of the Company
Related Party Status: Yes, the acquisition has been made from an existing promoter group entity
Industry: Information Technology / Software
Purpose: Acquisition of balance 26% equity stake resulting in TSIPL becoming a Wholly Owned Subsidiary
Completion Date: June 13, 2026
Company Background: TSIPL is an existing subsidiary engaged in IT/software related activities
Financial Impact
The acquisition cost of ₹26,000 represents the total financial consideration for the transaction. No other financial impact is quantified in the disclosure.