Clio Infotech Makes Investment in IT Services Firm, Targets 100% Acquisition
Clio Infotech Ltd has initiated a strategic investment into Clio Tech Limited, an entity operating in the IT Services sector. The company's board approved the investment aimed at acquiring shares in Clio Tech Limited.The target entity is engaged in software designing, development and dealing in Corporate Software and IT related services. Clio Tech Limited was incorporated on March 16, 2026, and is currently in the initial stages of its business operations, having no turnover for the last three financial years due to its recent incorporation.
Clio Infotech Ltd has committed an aggregate amount of approximately Rs. 87,00,00,000 towards the acquisition of shares in Clio Tech Limited. The investment is planned as a cash consideration by Clio Infotech Ltd. and is expected to be completed within a timeframe of 12 months.
The transaction was confirmed to be at arm's length, with neither the promoter nor the promoter group having any interest in the entity being acquired.
The details regarding the acquisition and investment are presented below:
| Parameter | Details |
|---|---|
| Target Entity Name | Clio Tech Limited |
| Industry | IT Services |
| Acquired Entity Business | Software designing, development & dealing in Corporate Software and IT related services |
| Total Proposed Investment Cost | Rs. 87,00,00,000 |
| Nature of Consideration | Cash Consideration by Clio Infotech Limited |
| Time Period for Completion | Within 12 months |
Current Tranche and Future Plans
As part of the ongoing investment, Clio Infotech Ltd has already invested Rs. 21,43,28,550 against 22,30,000 equity shares in the company. The remaining balance of the investment will be made through one or more tranches, subject to the terms and conditions of the transaction.The objective is for Clio Infotech Ltd to subscribe to all 100% of the shares in the target entity.
Stock Price Movement
Clio Infotech Ltd settled at ₹7.95 on Monday, edging higher after posting a 0.38% gain. The shares saw volatility during the trading session, ranging between a low of ₹7.55 and an intraday high of ₹8.12.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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