One Point One Solutions Limited Completes Acquisition of 100% Stake in ITCube Solutions Private Limited
One Point One Solutions Limited has announced the successful completion of the acquisition of a 100% stake in ITCube Solutions Private Limited. The transaction, which was structured in two tranches as per the Share Purchase Agreement executed on February 22, 2024, concludes with the company now holding full control of the target entity.The acquisition is expected to significantly bolster the technological capabilities and service offerings of One Point One Solutions Limited. ITCube Solutions Private Limited brings a robust portfolio in global software consulting, development, and Business Process Management (BPM) services. The firm holds Microsoft Gold Partner status and possesses ISO 9001 and ISO/IEC 27001 accreditations. Its expertise includes SharePoint, D365, Power Platform, .NET, React, and Python.
The acquisition provides the company with a resilient revenue base and an experienced workforce. By integrating ITCube's established platform, One Point One Solutions Limited aims to enhance its financial and operating structure while expanding its reach in the Information Technology (IT) and Information Technology Enabled Services (ITES) sectors.
Transaction Details and Financials
The total transaction value for the acquisition of 100% ownership of ITCube Solutions Private Limited is INR 84,00,04,632. The consideration was paid entirely in cash.| Component | Shareholding Percentage | Purchase Consideration |
|---|---|---|
| First Tranche | 76% | INR 58,44,85,636 |
| Second Tranche | 24% | INR 15,00,00,600 |
| Total Value | 100% | INR 84,00,04,632 |
The acquisition includes a total of 6,596 Equity Shares. This comprises 5,013 shares from the First Tranche and 1,583 shares from the Second Tranche, following a pre-closing buyback of 905 shares by ITCube Solutions Private Limited.
Target Entity Profile
ITCube Solutions Private Limited is an established entity in the IT and ITES sector with a presence in India and the USA. The company specializes in software development and BPM services, including data and content management, IT helpdesk, and customer support.The operational history of the acquired entity shows consistent turnover over the last three fiscal years:
| Fiscal Year | Reported Turnover (INR lakhs) |
|---|---|
| FY 2025-26 | 5,128.03 |
| FY 2024-25 | 4,867.69 |
| FY 2023-24 | 5,389.97 |
The acquisition does not constitute a related party transaction, as no promoters or group companies of One Point One Solutions Limited hold any interest in the target entity.
ONEPOINT Stock Price Movement
One Point One Solutions Limited shares today slipped by 1.14% to settle at ₹54.84 after trading in the post-market session. The stock saw a total turnover of 329,097 shares as it retreated from a daily high of ₹55.45.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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