Mehai Technology to Acquire Hi-Tech Services for Rs 4.50 Crore

Transaction value: Rs 4.50 crore | Acquisition stake: 100% equity

Reader Takeaway: Expansion into ITeS sector provides potential growth, but the target’s three-year nil turnover remains a key integration hurdle.

What just happened

Mehai Technology Limited has entered into a Share Purchase Agreement (SPA) on October 12, 2026, to acquire the entire issued and paid-up equity share capital of Hi-Tech Services Private Limited. This all-cash transaction is valued at Rs 4.50 crore. The acquisition remains subject to the fulfillment of standard conditions precedent typically required for such corporate transfers.

Why this matters

The acquisition is a strategic move for Mehai Technology to secure a controlling interest in the target firm. By bringing Hi-Tech Services under its umbrella, Mehai intends to scale its capabilities within the data processing and IT-enabled services (ITeS) space. This move marks an attempt to diversify and strengthen the company’s operational reach within the technology sector.

The backstory

Hi-Tech Services Private Limited is an India-based entity focused on computer-aided data processing, consultancy, and trade in software and peripherals. Notably, the target firm has reported nil turnover for the last three financial years (FY 2023-24, FY 2024-25, and FY 2025-26). The transaction has been confirmed as a non-related party deal.

What to track next

Investors should look for further filings from Mehai Technology regarding the official closing of the transaction. Moving forward, the focus will shift to how the company integrates the new entity to generate value, particularly given the target's lack of recent reported revenue activity.