Noida, January 3, 2026: IKIO Technologies Limited (BSE: 543923 | NSE: IKIO) has announced that its wholly owned subsidiary, IKIO Solutions Private Limited, has acquired an 88 percent equity stake in Gravus Tech Private Limited, reinforcing the group’s focus on strengthening its marketing and distribution framework.
The acquisition was completed through a share purchase agreement executed on January 2, 2026, following which Gravus Tech has become a subsidiary of IKIO Solutions Private Limited.
Transaction Structure and Consideration
The acquisition was carried out through a cash transaction, with IKIO Solutions purchasing 8,800 equity shares of Gravus Tech at a face value of ₹10 per share.Key Deal Details
| Particulars | Details |
|---|---|
| Acquirer | IKIO Solutions Private Limited |
| Target Entity | Gravus Tech Private Limited |
| Equity Acquired | 88 percent |
| Number of Shares | 8,800 |
| Price per Share | ₹10 |
| Total Consideration | ₹88,000 |
| Mode of Payment | Cash |
About Gravus Tech Private Limited
Gravus Tech Private Limited was incorporated on September 2, 2025, as a private limited company in India with a paid-up share capital of ₹1 lakh. As a newly incorporated entity, the company does not have any operating turnover.The company is engaged in the marketing of electronic goods, including LED lights, LED fixtures, LED drivers, and other electronic components. Gravus Tech is led by its director, Gurjit Singh, who has over a decade of experience in the marketing of electronic and LED products.
Strategic Rationale and Business Impact
IKIO Technologies stated that Gravus Tech will be used as a dedicated platform for marketing and distribution of IKIO Group products. The move is expected to support business expansion by enhancing market penetration and improving the reach of the group’s product portfolio.The company clarified that the transaction is not a related party transaction and that IKIO Technologies, its promoter group, and subsidiaries did not have any prior interest in Gravus Tech.
About IKIO Technologies Limited
IKIO Technologies Limited is a listed Indian company operating in the LED lighting and electronic solutions space. The company focuses on design, manufacturing, and distribution of LED lighting products and related electronics, serving both domestic and international markets through an innovation-driven business model.Source:
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