GTT Data Solutions Ltd — Updates, 14-08-2025: Company Update

GTT Data Solutions' board has approved its financial results for the quarter ended June 30, 2025. The company plans to raise up to Rs. 50 crore through a Rights Issue, with a committee tasked to finalize the terms. To streamline operations and improve efficiency, a scheme for merging three wholly-owned subsidiaries was also approved, which will not involve issuing new shares. In a strategic move to expand, a binding term sheet has been signed for the acquisition of Alpharithm Singapore, which includes AntWorks and its global subsidiaries becoming step-down subsidiaries. An Employee Stock Option Scheme 2025 was also approved to incentivize employees, pending shareholder approval.