Agreement executed for proposed transfer of 100% partnership interest in BBY Services India LLP

The agreement for the proposed transfer of 100% partnership interest in BBY Services India LLP has been executed.

Thu 1 Oct 2026

Cost of Acquisition

INR 1 Lakh

Employee Base of Target

~450 employees

Target Turnover FY 2024-25

INR 48.12 crore

Target Turnover FY 2025-26

INR 294.53 crore

Expected Completion Timeline

3 – 4 weeks

Agreement signed, completion pending

The update states that the agreement for the proposed transfer of partnership interest was executed on October 1, 2026. The completion of the acquisition is subject to fulfilment of conditions precedent as specified in the Agreement. The indicative time period for completion is 3 – 4 weeks from the date of signing. The meeting of the Investment Committee, as empowered by the Board, commenced at 3:35 p.m. and concluded at 4:05 p.m.

What is being acquired

• 100% partnership interest in BBY Services India LLP, a limited liability partnership firm
• BBY India was incorporated in Bengaluru in 2023
• The entity has an employee base of about 450 employees
• These teams are engaged in Engineering, Data & Analytics and AI capabilities
• The entity belongs to the Information Technology (IT) and IT Enabled Services industry

Consideration

• Cash consideration
• Cost of acquisition and/or the price at which the shares are acquired: INR 1 Lakh

Turnover track record of the entity acquired

• FY 2023-24: NIL
• FY 2024-25: INR 48.12 crore
• FY 2025-26: INR 294.53 crore

Objects and stated impact

• Establishment of an AI Native Capability Center
• Delivery of services through a Human + AI operating model
• Enhancement of AI-led transformation capabilities
• Generation of incremental revenue opportunities

Other points in the disclosure

• The proposed transaction does not fall within the ambit of related party transaction
• The promoter/promoter group/group companies do not have any interest in the entity being acquired
• No governmental or regulatory approvals are required for the acquisition

How to read it

The disclosure sets out what is being acquired, the form and amount of consideration, and the target entity's turnover for the last three years. The completion is subject to conditions precedent, so the acquisition is not complete at this stage. The stated objects link the transaction to AI capability building and incremental revenue opportunities.

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