DRC Systems India Limited shares are likely to be in focus after the company’s board approved a strategic investment in Inexture Solutions Limited. As per the filing dated June 17, the acquisition will result in Inexture becoming a subsidiary of DRC Systems.
The acquisition, expected to be completed within 60 days pending due diligence, involves a cash consideration not exceeding Rs 1 crore for up to 50.10% stake. Inexture, founded in November 2023, specializes in advanced IT services including software development, cloud services, and digital transformation solutions with technologies like Python, Java, FullStack, and Liferay. It reported a turnover of Rs 812.97 lakh in FY24.
This move aligns with DRC’s vision to scale its technological capabilities and expand its digital offerings. The transaction is not a related party deal, and no regulatory approvals are required.
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