Synthiko Foils Acquires DC&T Global via Rs. 1047 Crore Share Swap
Filing Summary
Synthiko Foils Limited has completed the acquisition of DC&T Global Private Limited through a share swap agreement valued at Rs. 1047 Crore. The transaction involves the issuance of 1,36,08,849 equity shares to DC&T shareholders, making DC&T a wholly-owned subsidiary. DC&T operates in the Engineering, Procurement, and Construction (EPC) sector, focusing on data center infrastructure and technology solutions. The acquisition, executed as a related party transaction, received all necessary regulatory approvals. This strategic move allows Synthiko Foils to expand its capabilities in EPC solutions and technology infrastructure.
Synthiko Foils Limited has finalized the acquisition of DC&T Global Private Limited through a share swap arrangement. The Board of Directors approved the issuance of 1,36,08,849 equity shares to the shareholders of DC&T, resulting in the acquisition of a 100% stake in the company. This transaction makes DC&T a wholly-owned subsidiary of Synthiko Foils.
The acquisition was executed as a share swap, with a total cost of Rs. 1047 Crore. Synthiko Foils issued equity shares to DC&T shareholders as consideration for the acquisition. The transaction was conducted at arm’s length, based on a valuation report from a registered valuer. The acquisition falls under related party transactions, as DC&T is a related party under Section 2(76) of the Companies Act, 2013, with certain directors and shareholders belonging to the promoter group of Synthiko Foils.
DC&T Global Private Limited operates in the Engineering, Procurement, and Construction (EPC) sector, providing solutions for data centers and technology infrastructure development. The company offers design, development, operation, and maintenance of data center facilities, including advanced cooling, power backup, and cybersecurity features. DC&T is also involved in manufacturing and assembling technology infrastructure products such as storage racks and AI-enabled products. The acquisition allows Synthiko Foils to enhance its capabilities in EPC solutions, particularly in data center infrastructure.
The acquisition received all necessary regulatory approvals, including the in-principal approval from BSE Limited for the preferential issue and approval from the company’s members. The acquisition process is complete, with Synthiko Foils acquiring 2,13,641 equity shares, representing 100% of DC&T’s issued and paid-up capital on a fully diluted basis.
Synthiko Foils Limited focuses on expanding its presence in the EPC sector and enhancing its technology infrastructure capabilities. The acquisition of DC&T aligns with its strategic priorities to strengthen its offerings in data center solutions and technology products, enabling vertical integration and potential new revenue streams.