SG Finserve539199Stake acquisition deal
SG Finserve to acquire 15.5% of Succesship Technologies for ₹4,65,00,000 and 24.5% of SG Enterprise Solutions for ₹1,22,500
By ScoutQuest · · 1 min read
15.5%Stake acquired - Succesship Technologies
- Stake Acquired - Succesship Technologies
- 15.5% of the issued, subscribed and paid-up equity share capital of Succesship Technologies Private Limited
- Cash Consideration - Succesship Technologies
- Aggregate consideration of ₹ 4,65,00,000 for 15.5% of Succesship Technologies
- GIFT City Subsidiary Investment
- up to USD 5 million (approx ₹ 48 crore) to set up a GIFT City finance company as a wholly owned subsidiary
- Target
- Succesship Technologies Private Limited
- Transaction
- Acquisition (minority stake) and investment in new wholly owned subsidiary
SG Finserve to acquire 15.5% of Succesship Technologies for ₹4,65,00,000 and 24.5% of SG Enterprise Solutions for ₹1,22,500.
Board meeting
Internal auditor appointment effective
Scheduled completion - SG Enterprise Solutions expected
Scheduled completion - Succesship Technologies expected
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More numbers
- Aggregate consideration - Succesship Technologies₹ 4,65,00,000
- Stake acquired - Succesship Technologies15.5%
- Aggregate consideration - SG Enterprise Solutions₹ 1,22,500
- Stake acquired - SG Enterprise Solutions24.5%
- Shares to be acquired - SG Enterprise Solutions12,250
- GIFT City subsidiary investment plan (USD)USD 5 million
- GIFT City subsidiary investment plan (INR equivalent)₹48 crore
- Succesship Technologies turnover FY 2025-26Rs. 52.5 Lakh
Source: BSE · 16 Oct 2026
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