Data Patterns (India) Limited has announced the successful execution of a Share Purchase Agreement to acquire 100% equity shares of ST Advanced Composites Private Limited. The total consideration for this acquisition is approximately ₹10 Crores, comprising ₹1.50 Crores for equity shares and ₹8.50 Crores as a loan to the target company. This transaction will result in ST Advanced Composites becoming a wholly-owned subsidiary of Data Patterns.
Acquisition of ST Advanced Composites Finalized
Data Patterns (India) Limited has successfully completed the acquisition of ST Advanced Composites Private Limited. The execution of the Share Purchase Agreement took place on August 25, 2026, finalizing the deal to acquire 100% of the equity shares in the target company. This strategic move is expected to significantly expand Data Patterns’ operational capabilities and market presence.
Financial Details of the Transaction
The total consideration for the acquisition amounts to approximately ₹10 Crores. This figure is broken down into two components: ₹1.50 Crores allocated towards the acquisition of equity shares from the promoters, and ₹8.50 Crores provided as a loan to ST Advanced Composites Private Limited. This loan is intended to assist the target company in settling its existing liabilities.
Subsidiary Status and Future Implications
Following the completion of this transaction, Data Patterns (India) Limited will hold a 100% stake in ST Advanced Composites Private Limited on a fully converted and diluted basis. Consequently, ST Advanced Composites Private Limited will now operate as a wholly-owned subsidiary of Data Patterns. The acquisition is subject to the fulfillment of certain customary conditions precedent and other terms as outlined in the Share Purchase Agreement.
Source: BSE
