Sattrix Information Security Ltd (SISL) has announced plans to acquire 100% of Sattrix Software Solutions Pvt Ltd (SSSPL) through a share swap agreement. The move aims to consolidate software development and cybersecurity capabilities under one roof, enhancing SISL’s service portfolio and operational scale.
In a strategic move to deepen its technology stack and expand service offerings, Sattrix Information Security Ltd (SISL) will acquire Sattrix Software Solutions Pvt Ltd (SSSPL) via an all-stock transaction. The board has approved the issuance of 45,48,379 equity shares at a 379:1 swap ratio, effectively transferring full ownership of SSSPL to SISL.
SSSPL, which specializes in software development and consulting, reported a turnover of ₹30.17 million. Post-acquisition, SISL’s authorized capital will increase from ₹7.5 crore to ₹30 crore, reflecting the expanded equity base. Promoters will hold 74.96%, while public shareholders will retain 25.04% of the post-deal structure.
The acquisition is expected to streamline operations, improve cross-functional integration, and position SISL as a more comprehensive cybersecurity and software solutions provider.
Key Highlights:
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Deal Structure: 100% acquisition via share swap (379:1 ratio)
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Equity Expansion: Authorized capital to rise to ₹30 crore
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Ownership Post-Deal: Promoters 74.96%, Public 25.04%
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Strategic Goal: Integration of cybersecurity and software development capabilities
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Financials: SSSPL turnover at ₹30.17 million
This consolidation marks a pivotal step in SISL’s growth strategy, aligning its core competencies with emerging digital transformation demands.
Sources: ScanX News, Sattrix Investor Relations