GVP Infotech Acquires 51% Stake in ESAAS Technologies to Bolster Payment Systems

<h1>GVP Infotech Acquires 51% Stake in ESAAS Technologies to Bolster Payment Systems</h1>

GVP Infotech Limited has approved the acquisition of a 51% equity stake in ESAAS Technologies Private Limited. This strategic move is set to enable GVP Infotech to provide payment systems solutions to clients of ESAAS, given that the latter operates within the same line of business as the acquired entity.

The acquisition targets the FinTech sector, specifically focusing on Banking and Payments Infrastructure. The transaction has been structured as a cash consideration deal. An aggregate consideration amounting to ₹20,00,000 was determined for the proposed acquisition. Following this purchase, ESAAS Technologies Private Limited will become a subsidiary of GVP Infotech Limited.

The company confirmed that the acquisition does not constitute a related party transaction and stated that none of its promoters hold an interest in the acquired entity. Furthermore, GVP Infotech noted that no governmental or regulatory approvals are required for the proposed deal.

Target Entity Details​

ESAAS Technologies Private Limited was incorporated in India on September 30, 2021. The company operates as a DPIIT-registered fintech organization, providing bank-agnostic, API-first technology infrastructure designed to help businesses manage and reconcile funds across various banking and payment ecosystems.

The transaction is expected to be completed within 7 working days from the date of the approval (August 10, 2026).

Financial Overview​

ESAAS Technologies Private Limited has shown consistent turnover growth over the last three financial years:

GVPTECH Stock Price Movement​

GVP Infotech Limited shareholders saw their stock rise today, with the equity settling at ₹7.00 after appreciating 0.72% in post-market trading. The company traded within a narrow range during the session, charting a low of ₹6.97 but topping out at a high of ₹7.14.