Rashi Peripherals to acquire 67% stake in VDA Infosolutions for Rs 3.68 bn

What Rashi Peripherals announced

On 23 June 2026, Rashi Peripherals Limited (BSE: 544119, NSE: RPTECH) disclosed that it has entered into a binding agreement to acquire a 67% equity stake in VDA Infosolutions Private Limited, a Mumbai‑based information‑technology solutions and services firm. The acquisition is being executed for a cash consideration of Rs 3.68 billion and values VDA at Rs 5.5 billion. The announcement was filed with the BSE under Regulation 30 (LODR) and the full press release is available on the company’s website.

Details of the acquisition

• Stake and price: Rashi will acquire 67% of VDA’s equity for Rs 3.68 bn. The transaction implies an enterprise valuation of Rs 5.5 bn for VDA.
• Target’s financials: VDA Infosolutions reported FY26 revenue of approximately Rs 8.5 bn and is described as a consistently profitable player in the enterprise technology and digital‑infrastructure space.
• Strategic fit: Rashi, which posted FY26 revenue of Rs 158 bn, is one of India’s leading ICT distributors with 56 branches, 50 service centres and 71 warehouses. The acquisition moves Rashi further down the value chain, allowing it to offer end‑to‑end enterprise technology solutions – from distribution of hardware to design, deployment and managed services.
• Geographic footprint: VDA operates across more than 140 locations in India, employing over 1,000 professionals and serving enterprises in sectors such as banking, manufacturing, and telecom.
• Product and service coverage: VDA’s portfolio includes cloud technology, cybersecurity, data protection, virtualization, storage, IT consulting, DevOps, and infrastructure‑management services. It is an authorized partner of global technology leaders including IBM, Dell, Cisco, Palo Alto Networks, Red Hat, Nutanix and Checkpoint.

Transaction terms and advisors

The acquisition is being executed on a cash‑only basis; no new equity is being issued, meaning there is no immediate dilution to existing shareholders. The agreement is described as “binding”, indicating that the parties have signed a definitive purchase agreement and are moving towards closing, subject to customary regulatory approvals.

Rashi engaged Singhi Advisors as its exclusive strategic and financial advisor for the transaction. The advisory firm is highlighted for its experience in the IT and technology sector, having advised several high‑profile Indian companies on inorganic growth initiatives.

Key facts at a glance

Why this matters for investors

The acquisition represents Rashi’s first major foray beyond its traditional distribution model into the services and solutions segment of the technology ecosystem. By securing a controlling stake in VDA, Rashi gains:

• Revenue diversification: Access to recurring‑revenue streams from managed services, cloud and cybersecurity contracts, which are generally higher‑margin than pure hardware distribution.
• Cross‑selling opportunities: Ability to bundle VDA’s services with the hardware and networking products Rashi already distributes, potentially increasing average deal size.
• Geographic and sector reach: VDA’s presence in 140+ locations and its client base across multiple industry verticals complement Rashi’s existing channel partner network of over 10,300 partners.
• Cash‑funded transaction: Since the purchase is cash‑based, there is no immediate dilution of share capital. However, the outflow of Rs 3.68 bn will be reflected in the company’s cash balances and may affect short‑term liquidity ratios.
• Regulatory and integration risk: Completion is subject to standard approvals (e.g., competition clearance, foreign investment rules). Post‑closing, Rashi will need to integrate VDA’s operations, culture and technology platforms, which carries execution risk.

Overall, the deal aligns with Rashi’s stated ambition to become a fully integrated technology solutions and services enterprise, positioning it to capture growth in high‑margin segments such as cloud infrastructure, AI‑enabled environments, and cybersecurity.

Conclusion

Rashi Peripherals has entered into a definitive, cash‑only agreement to acquire a 67% stake in VDA Infosolutions for Rs 3.68 bn, valuing the target at Rs 5.5 bn. The transaction expands Rashi’s footprint from distribution into enterprise‑technology services, offering potential revenue diversification and cross‑selling synergies. The deal is pending customary regulatory approvals; once closed, it will mark a strategic inflection point for Rashi’s evolution into an integrated solutions provider.