Ace Software Exports Limited (BSE:531525) agreed to acquire 31.875% stake in Ace Infoway Pvt. Ltd from Vikram Sanghani, Sanjay H. Dhamsania., Pushpaben Kalaria, Vaishali Mehta, and others for INR 68.5 million on February 2, 2024. As of March 31, 2023, Ace Infoway Pvt.

Ltd reported turnover if INR 19.3 million. The deal has been approved by shareholders of Ace Software Exports Limited, and is expected to be completed on February 17, 2024.