Ace Software Exports Limited (BSE:531525) agreed to acquire 25% stake in Ace Infoway Pvt. Ltd for INR 53.8 million on April 16, 2024. The consideration consists of INR 53.75 million in cash.

Post investment, Ace Software Exports Limited will hold up to 65% share in Ace Infoway Private Limited. The transaction has been reviewed and approved by the Board of Directors of Ace Software Exports Limited. The acquisition of shares is expected to be completed by Q2 2024-25.