India's Rashi Peripherals hits record high after deal to buy VDA Infosolutions
BUZZ-India's Rashi Peripherals hits record high after deal to buy VDA Infosolutions ** Distribution partner for global technology brands, Rashi Peripherals' shares RASI.NS rise as much as 9.61% to a record high of 806.2 rupees
** Stock pares gains after scaling new peak, last up 2.3%
** RASI signs a definitive pact to acquire a 67% controlling stake in enterprise technology and digital infrastructure firm VDA Infosolutions for 3.67 billion rupees ($38.77 million)
** Acquisition marks RASI's foray into enterprise IT, data centre management and cloud tech from its traditional distribution business
** 67% stake to be bought in first tranche, followed by the remaining 33% in three equal annual tranches of 11% each by August 2027, August 2028 and August 2029
** RASI shares are up 110% in 2026 so far, exchange data shows
($1 = 94.6650 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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