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Anka India gets nod to acquire Futech Internet

15 Mar 2025 Evaluate

Anka India has received approval and entered into Share Purchase Agreement for the acquisition of 100% in Futech Internet (Futech) by acquiring10,000 equity shares of face value of Rs 10 from the shareholders of the Futech and to Issue and allotment of up to 3,61,54,529 Equity Shares of face value of Rs 10 each fully paid up (Equity Shares) on a preferential basis to shareholders of Futech for consideration other than cash i.e. Swap of Equity shares the said preferential allotment shall be subject to approval of regulatory/ statutory Authorities and the members of the company. Post acquisition of shares, Futech will become a wholly owned subsidiary of the company.

The Board of Directors of the company at their meeting held on March 13, 2025, has inter alia, considered and approved the same.

Futech Internet is engaged in the business of Advertisement solutions & Ad-Tech provider. The company’s strategic investment in Futech is part of its broader strategy to drive business expansion leveraging their specialties' market presence and operational capabilities to enhance its growth and competitive positioning.

Anka India’s main business is thermoplastic rubber and polyurethane shoe sole with latest state-of-the-art machinery from Gusbi, Italy for PU soles and Main Group, Italy for TPR soles.

Anka India Share Price

28.67 -0.52 (-1.78%)
22-Apr-2026 11:26 View Price Chart
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