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

GTT Data Solutions Limited has announced a board meeting where it approved the allotment of 26,21,722 equity shares at Rs. 130 each, and 9,60,346 equity shares on a preferential basis. This issuance aims to fund the acquisition of equity stakes in CRG Solutions and Alpharithm Technologies. Consequently, the company's paid-up capital increases to approximately Rs. 27.53 crore with a total issued capital of Rs. 41.91 crore. Additionally, Mr. Ganesh Natarajan has been designated as Chairman & Whole-time Director, enhancing the company's leadership. This strategic move could boost investor sentiment, indicating growth potential while offering a diversified management team.