GTT Data Solutions Right Issue

₹49.82 Cr BSE 27 Jan 2025 – 25 Feb 2025

Closed Ratio: 1 : 10 BSE
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Issue Price
₹26.00
Face Value
₹10.00
Issue Size (Shares)
19,161,915
Issue Size (₹ Cr.)
₹49.82
📅 Right Issue Timetable
Last Date to Buy SharesMon, Jan 13, 2025
Record DateTue, Jan 14, 2025
Credit of Rights EntitlementsFri, Jan 17, 2025
Bid/Offer Opens OnMon, Jan 27, 2025
Issue Open DateMon, Jan 27, 2025
Renunciation Last DateThu, Jan 30, 2025
Bid/Offer Closes OnTue, Feb 25, 2025
Issue Close DateTue, Feb 25, 2025
Deemed Date of AllotmentTue, Feb 11, 2025
Credit DateMon, Feb 17, 2025
Listing DateFri, Feb 21, 2025
📋 Right Issue Details
Issue Size (Shares)19,161,915
Issue Size (Amount)₹49.82 Cr.
Issue Price₹26.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 10
Listing AtBSE
Terms of PaymentIssue Price of Rs. 26/- per share is payable as Rs.6.50 per share on Application. The remaining Rs.19.50 will be called within one or more subsequent calls by the board of the Company at its sole discretion from time to time
📊 Company Financials (Restated)
Period Ended2024-03-31FY IIFY I
Income15.14
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Part repayment or pre-payment of unsecured loans availed by the Company from U.G Patwardhan Services Private Limited and Pankaj Ramesh Samani, the Promoters of the Company and from Agri One India Ventures LLP.
2Acquisition of an additional equity shares of Itarium Technologies Private Limited from existing shareholders of the company.
3Acquisition equity shares of CRG Solutions Private Limited from existing shareholders of the company.
4Development of IT Infrastructure and acquisition of license from SEED Infotech Limited to conduct B2B business under the esteemed brand name of SEED Infotech
5Funding inorganic growth through acquisitions of business and other strategic initiatives and General Corporate Purposes.
🏢 About the Company
Incorporated in 1986, GTT Data Solutions, earlier known as Cinerad Communications Limited, is engaged in the business of Information Technology, software development, Data Analytics, Artificial Intelligence and Skill Development & Training.

The company, through its subsidiary Itarium Technologies India Private Limited, offers a range of services, including Enterprise Solutions such as CRM, ERP, E-commerce, Enterprise Asset Management, Learning Management Systems, Decision Support Systems, Troubleshooting Guides, and document management.

The company provides Data and Analytics Consulting to help businesses harness the power of data and Software Development, which involves designing, creating, testing, and maintaining software applications to address specific business challenges.

As of September 19, 2024, the company had five employees.
📞 Company Contact
CompanyGTT Data Solutions
Address80,
Burtolla Street,
Kolkata – 700007
Kolkata, West Bengal, 700007
Phone917719913351
Emailcinerad@gttsolutions.in
WebsiteVisit ↗
📝 Registrar
NameMCS Share Transfer Agent Ltd
Phone033-40724051/40724052/40724053
Emailhelpdeskmum@mcsregistrars.com
WebsiteVisit ↗