Ace Software Exports shines on acquiring 49.62% stake in QeLearn
Ace Software Exports is currently trading at Rs. 116.00, up by 2.65 points or 2.34% from its previous closing of Rs. 113.35 on the BSE.
The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 118.00 and Rs. 110.70 respectively. So far 38312 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.26 on 29-Oct-2025 and a 52 week low of Rs. 107.10 on 11-May-2026.
Last one week high and low of the scrip stood at Rs. 174.85 and Rs. 107.10 respectively. The current market cap of the company is Rs. 211.82 crore.
The promoters holding in the company stood at 61.92%, while Institutions and Non-Institutions held 0.60% and 37.48% respectively.
Ace Software Exports has successfully completed the acquisition of the remaining 2,58,000 equity shares, representing 49.62% of the fully diluted equity share capital of QeLearn (Formerly known as Theia Education), for a total consideration of Rs 8.90 crore. As a result, QeLearn has now become wholly owned subsidiary of the Compan
The acquisition of QeLearn has been financed through the net proceeds derived from the Rights Issue, in accordance with the company’s Letter of Offer dated November 14, 2025. The acquisition of QeLearn enables Ace Software Exports to diversify into the fast-growing EdTech sector. Its AI-driven learning solutions complement company’s technology expertise, providing strategic synergies, new revenue opportunities, and long-term growth potential.
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