Archive · 24 Sep 2026
Maithan Alloys Buys 0.24% ESDS Stake For ₹50.19 Crore
Maithan Alloys bought a small part of another company called ESDS Software Solution Limited.
It purchased 279,000 shares, equal to 0.24% of ESDS.
The purchase cost ₹50.19 crore.
The shares were bought on a stock exchange on 23 September 2026.
Maithan Alloys said it wants to benefit from the investment over the short and long term.
ESDS provides cloud, data centre, and other IT services.
It serves governments, banks, businesses, and several industries.
Maithan Alloys said it does not plan to take control of ESDS.
Maithan Alloys Limited acquired 279,000 equity shares in ESDS Software Solution Limited.
The purchase represents a 0.24% stake and cost ₹50.19 crore.
The shares were acquired through the stock exchange on 23 September 2026.
Maithan Alloys said the investment aims to generate long-term and short-term benefits.
The company said it does not intend to acquire direct or indirect management control of ESDS.
- Who
- Maithan Alloys Limited acquired shares in ESDS Software Solution Limited.
- What
- Maithan Alloys purchased 279,000 shares, representing a 0.24% stake, for ₹50.19 crore.
- When
- The shares were acquired on 23 September 2026; the acquisition was announced on Thursday.
- Where
- The shares were acquired through the stock exchange, and ESDS operates in India.
- Why
- Maithan Alloys said the transaction is intended to generate long-term and short-term investment benefits.
- Acquirer
- Maithan Alloys Limited
- Target
- ESDS Software Solution Limited
- Stake acquired
- 0.24%
- Shares acquired
- 279,000 equity shares
- Purchase cost
- ₹50.19 crore
- ESDS turnover
- ₹378 crore as of 31 March 2026
- ESDS profit after tax
- ₹62 crore as of 31 March 2026