ACE Software Exports531525Stake acquisition deal
ACE Software Exports to acquire 35.05% each of MyUtilityGenius Ltd and MyUtilityGenius Commercial Ltd for £151,652.38 and £786,906.07
By ScoutQuest · · 1 min read
- Stake acquired
- 35.05% of post-issue equity share capital of each of MUG and MUGC
- MUG consideration
- £151,652.38 total — £139,049.79 (~₹1.74 crore) for purchase shares via share swap of 72,820 ACE shares at ₹238 each
- MUGC consideration
- £786,906.07 total — £721,510.49 (~₹9.03 crore) via 3,79,326 ACE shares (~₹9.03 crore)
- Target
- MyUtilityGenius Limited (MUG) and MyUtilityGenius Commercial Limited (MUGC)
- Transaction
- Acquisition of 35.05% stake each in two UK companies (secondary purchase from We
ACE Software Exports to acquire 35.05% each of MyUtilityGenius Ltd and MyUtilityGenius Commercial Ltd for £151,652.38 and £786,906.07.
Board meeting
Share Purchase and Subscription Agreement executed/approved
Record date
Call payment period begins
Also from ACE Software Exports
Record Date Fixed for Second and Final Call on Partly Paid-Up Equity Shares
6 Nov 2026
Board outcome: September-quarter results, call money on partly paid shares, two UK buys and a subsidiary merger
6 Nov 2026
Board meeting on Nov 6 to consider Q2 results, rights issue call money notice and fundraise proposal
3 Nov 2026
More numbers
- Total consideration for 35.05% of MUG£ 151,652.38
- MUG purchase shares consideration in rupees₹ 1,73,99,605.46
- MUG subscription shares consideration in rupees₹ 15,77,003.52
- MUG consideration shares allotted to seller72,820
- Total consideration for 35.05% of MUGC£ 786,906.07
- MUGC purchase shares consideration in rupees₹ 9,02,84,823.50
- MUGC subscription shares consideration in rupees₹ 81,82,914.52
- MUGC consideration shares allotted to seller3,79,326
Source: BSE · 6 Nov 2026
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