Diensten Tech Limited to Acquire 35% Share Capital of Klaus Emirates IT Solutions L.L.C-FZ
Diensten Tech Limited announced on March 23, 2026, that it is in the process of acquiring 35% of the share capital of Klaus Emirates IT Solutions L.L.C-FZ (UAE). Klaus Emirates IT Solutions L.L.C-FZ is a limited liability company incorporated in Dubai with its registered office at Meydan Grandstand, 6th floor, Meydan Road, Nad Al Sheba, Dubai, U.A.E. This acquisition will result in Klaus Emirates IT Solutions L.L.C-FZ becoming an associate of Diensten Tech Limited.Klaus Emirates IT Solutions L.L.C-FZ has an authorized capital of 100 shares with a value of AED 1,000 per share, totaling AED 100,000. The company's turnover is 54,047 AED, approximately INR 13.50 lacs (using a conversion rate of Rs. 25).
The acquisition qualifies as a related party transaction and is being undertaken at arm’s length. The entity's business falls within the existing nature of Diensten Tech Limited’s business, with the primary objective being to expand its presence in the Middle East market.
The tentative completion date for the acquisition is May 31, 2026. Diensten Tech Limited proposes to acquire 35 shares, representing 35% of the company. The value per share has been determined as AED 999.19 based on an independent valuation report, with a total consideration of AED 34,971.65, which is approximately INR 8.75 lacs (using a conversion rate of 1 AED = INR 25).
Klaus Emirates IT Solutions L.L.C-FZ was incorporated on August 30, 2024, and operates in the United Arab Emirates (UAE).
| Particulars | Details |
|---|---|
| Name of the target entity, details in brief such as size, turnover etc. | Name: Klaus Emirates IT Solutions L.L.C-FZ (UAE) Authorized Capital: 100 Shares with a value of AED 1000 Per Share totaling to AED 100,000 Turnover: 54,047 AED i.e., INR 13.50* Lacs (approx.) [*Conversion rate from AED to INR is taken as Rs. 25 |
| Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at 'arm's length' | The acquisition qualifies as a related party. The Promoter / Promoter Group does not have any direct or indirect interest in the entity being acquired. The transaction has been undertaken at arm's length basis. |
| Industry to which the entity being acquired belongs | Tech manpower staffing |
| Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) | The acquired company's nature of business falls within the existing nature of business of the acquirer. The primary objective is to expand our presence in the Middle east market. |
| Brief details of any governmental or regulatory approvals required for the acquisition | Not applicable |
|---|---|
| Indicative time period for completion of the acquisition | The tentative date for the completion of this acquisition is May 31, 2026. |
| Consideration - whether cash consideration or share swap or any other form and details of the same | Cash |
| Cost of acquisition and/or the price at which the shares are acquired | Diensten Tech Limited proposes to acquire 35 shares. The value per share has been determined as AED 999.19. The total consideration payable for the acquisition will be AED 34,971.65, which is approximately INR 8.75 Lakh*. [*Conversion rate used: 1 AED =INR 25 |
| Percentage of shareholding / control acquired and / or number of shares acquired | 35 % |
| Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) | Name of the Company- Klaus Emirates IT Solutions L.L.C-FZ (UAE) Line of Business: Tech manpower staffing Date of incorporation- August 30, 2024 Turnover- 54,047 AED i.e., INR 13.50* Lacs (approx.) [*Conversion rate used: 1 AED = INR 25 |
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