Dreamfolks Services moves higher on getting nod to acquire 60.24% of stake in ETT Solutions DMCC
Dreamfolks Services is currently trading at Rs. 123.50, up by 2.95 points or 2.45% from its previous closing of Rs. 120.55 on the BSE.
The scrip opened at Rs. 121.80 and has touched a high and low of Rs. 126.45 and Rs. 120.25 respectively. So far 18041 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 435.90 on 29-Nov-2024 and a 52 week low of Rs. 99.20 on 29-Sep-2025.
Last one week high and low of the scrip stood at Rs. 126.45 and Rs. 119.80 respectively. The current market cap of the company is Rs. 657.88 crore.
The promoters holding in the company stood at 65.72%, while Institutions and Non-Institutions held 0.02% and 34.26% respectively.
Dreamfolks Services has received approval to acquire 60.24% of stake (in aggregate) in the ETT Solutions DMCC (ETT). The cost of the acquisition is around Rs 36 crore ($4 million), through a combination of secondary purchase of shares and primary subscription to freshly issued shares. Upon the completion of said acquisition, ETT shall become a foreign subsidiary of the company. The objective of acquisition is Geographical expansion, Client diversification and technological integration.
The board of directors of the company in its meeting held on December 01, 2025, inter alia, has considered and approved the same.
DreamFolks Services is India's largest airport service aggregator platform facilitating an enhanced airport experience to passengers leveraging its proprietary technology solutions.
