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XTGLOBAL INFOTECH LIMITED — M&A Activity 2025
Feb 17, 2025
61633_rns_2025-02-17_25460ec1-a036-4ef4-8146-01a67709025b.pdf
M&A Activity
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Date: 17/02/2025
To To The Listing Department The Listing Department Bombay Stock Exchange Limited National Stock Exchange of India Limited Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai - 400001 Bandra E , Mumbai - 400051 Scrip Code -531225 Scrip Symbol: XTGLOBAL
Subject: Press Release of the Company
Dear Sir/Madam,
Please find the attached press release being issued by the company.
This will also be hosted on the Website of the company www.xtglobal.com.
This is for your information and records please.
Thanking you.
Yours faithfully,
For XTGlobal Infotech Limited
PENTELA Digitally signed by PENTELA SRIDHAR SRIDHAR Date: 2025.02.17 19:51:50 +05'30'
Sridhar Pentela
Company Secretary and Compliance Officer ACS 55735
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Attachment: a/a
PRESS RELEASE
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XT Global Infotech Limited Strategic Global Expansion Through Potential Acquisitions
Hyderabad, 17 February 2025 – XT Global Infotech Limited, a leading global IT/ITES solutions provider with a robust presence in India and the USA, is actively exploring strategic acquisition opportunities in Australia, Europe, and other key international markets to reinforce its global footprint and broaden its service portfolio.
As part of its long-term growth strategy, XT Global Infotech Limited is in preliminary discussions to acquire businesses operating within the same domain. These potential acquisitions are intended to accelerate market expansion, enhance technological capabilities, and create substantial operational synergies. Any finalized agreements will be contingent upon comprehensive due diligence, regulatory approvals, and the execution of definitive contracts.
Commenting on this strategic initiative, Mr. Mullapudi Atchuta Ramarao, Managing Director of
XT Global Infotech Limited, stated: “ We remain committed to identifying and capitalizing on opportunities that foster sustainable growth and value creation for our stakeholders. Expanding into new geographies will enable us to leverage emerging markets, integrate advanced technologies, and enhance our competitive positioning on a global scale .”
At this stage, no binding agreements have been signed, and there is no certainty that these discussions will result in a completed transaction. XT Global Infotech Limited reaffirms its commitment to transparent communication and regulatory compliance, ensuring that stakeholders are informed of any significant developments.
About XTGlobal Infotech Limited (BSE:531225, NSE:XTGLOBAL):
XTGlobal Infotech Limited is a trusted IT Services, Outsourcing, and Consulting organization that has been delivering Innovative Technology Solutions for over 25 years. Our comprehensive suite of services includes IT Development, Managed Services, Business Process Automation, and Tailored Consulting for businesses worldwide. With expertise in emerging technologies like Cloud Migration, Low-code App Development, Robotic Process Automation, and Advanced Analytics, we empower enterprises to accelerate Digital Transformation.
XTGlobal is part of India's growing tech ecosystem, with over 600 skilled professionals across its India and US offices. Our robust capabilities have been recognized through CMMI-Dev Level 3 (v2.0) and ISO 27001 certifications. We partner with leading global tech innovators, including Oracle, Microsoft, AWS, Automation Anywhere, and UiPath, to deliver scalable and secure software solutions. Our in-house product, Circulus, revolutionizes Accounts Payable Automation with cutting-edge, cloud-based technology. For more information, kindly visit www.xtglobal.com.
Plot No. 31P & 32, 3[rd] Floor, Tower A, Ramky Selenium, Financial District, Nanakramguda, Hyderabad – 500 032, India CIN: L72200TG1986PLC006644
PRESS RELEASE
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Safe Harbor:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
For further details please contact:
XTGLOBAL INFOTECH LIMITED
Mr. Sridhar Pentela Mr. Ritesh Shashiprakash Singh Company Secretary & Compliance Officer Investor Relations Consultant T: 040 6635 3456 Extn: 462 M: +91 83293 85762 E: [email protected] E: [email protected] W: www.xtglobal.com W: www.rikcapital.in
Plot No. 31P & 32, 3[rd] Floor, Tower A, Ramky Selenium, Financial District, Nanakramguda, Hyderabad – 500 032, India CIN: L72200TG1986PLC006644