News

Ace Software Exports Limited has completed the acquisition of QeApps Private Limited for a total consideration of Rs 12 crore, making it a wholly owned subsidiary. The company also made investments of Rs 1 crore in QeLearn Private Limited and Rs 7 crore in QeMFG Private Limited, both of which are wholly owned subsidiaries. The acquisitions and investments were funded from the net proceeds of a rights issue, and the transactions involved related parties but were conducted at arm’s length.

Ace Software Exports Limited’s Fund-Raising Committee confirmed receipt of Rs 30.25 per partly paid-up Equity Share as the First Call Money for 50,36,721 shares, updating the paid-up value from Rs 4.50 to Rs 7.25 per share and share premium from Rs 45.00 to Rs 72.50 per share, aggregating to Rs 79.75 per share, according to a filing on September 23, 2026, while noting that Rs 1,31,39,995 remains unpaid for the balance 4,34,380 partly paid-up Rights Equity Shares.

Ace Software Exports Limited has completed the acquisition of the remaining 8,900 equity shares, representing 1.38% of the fully diluted equity share capital, of Ace Infoworld Private Limited for a total consideration of Rs 8,02,246, making Ace Infoworld Private Limited a wholly-owned subsidiary of Ace Software Exports Limited.