Syrma SGS Tech Acquires 60% Stake in Elcome for ₹235 Crore
Syrma SGS Technology Limited has announced the acquisition of 60% of the total paid-up share capital of Elcome Integrated Systems Private Limited for an aggregate consideration of ₹235 crore. This acq...
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Syrma SGS Technology Limited (SYRMA) is in the news due to the acquisition of a significant stake in elcome integrated systems private limited for a substantial amount indicates strategic expansion and growth for syrma sgs technology limited.
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Syrma SGS Tech Acquires 60% Stake in Elcome for ₹235 Crore
December 17, 2025, 02:57 PM
Syrma SGS Technology Limited has announced the acquisition of 60% of the total paid-up share capital of Elcome Integrated Systems Private Limited for an aggregate consideration of ₹235 crore. This acquisition was made through a mix of primary and secondary investment and was completed on December 17, 2025.
This transaction is a continuation of the company's earlier intimation dated November 10, 2025, where the Board of Directors approved the execution of a securities subscription and purchase agreement and a shareholders' agreement. These agreements were for the acquisition of Elcome, which in turn was to acquire the entire paid-up share capital of Navicom Technology International Private Limited, making Navicom a wholly-owned subsidiary of Elcome post-acquisition.
The company has submitted the necessary disclosures in the prescribed format under Regulation 30 of the Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, with its letter dated November 10, 2025.
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