Sahana System Limited — Important, 14-12-2024: Updates

The company has approved the allotment of 51,766 equity shares on a preferential basis at an issue price of Rs. 1,478 per share, amounting to approximately Rs. 7.65 crore. This allotment is part of a non-cash consideration related to the acquisition of a 51% stake in Sourceved Technologies Private Limited. The shares issued, which have a face value of Rs. 10 each, will be listed on the NSE and are subject to lock-in requirements. This strategic move enhances the company's operational capabilities and aligns with its growth objectives, providing potential avenues for increased market share and stakeholder value. Investors should watch closely for the outcomes of this acquisition and its integration into the broader business strategy.