GTT Data Solutions Ltd — Updates, 18-04-2025: Company Update

GTT Data Solutions Limited has announced a board meeting, whereby the Board has approved the allotment of 26,21,722 equity shares at a price of Rs. 130 each to non-promoter CRG Allottees as part of a share swap for acquiring a 67.30% stake in CRG Solutions Pvt Ltd, along with 9,60,346 shares to Alpharithm Allottees for an 83.23% stake in Alpharithm Technologies Pvt Ltd. Additionally, Mr. Ganesh Natarajan has transitioned to Executive Director (Chairman), reflecting a strategic leadership shift. These developments could enhance shareholder value and operational synergies, and may foster a positive outlook among investors as management strengthens its equity base and governance framework.