Rashi Peripherals buys 67% of VDA Infosolutions for ₹368.50 cr
All-cash deal gives Rashi entry into enterprise IT solutions. VDA's revenue fell 18% in FY26 but the acquisition is strategically significant.
— 1 earlier story on Rashi Peripherals Ltd. →What's new
- Board approved acquisition of 67% in VDA Infosolutions for ₹368.50 cr cash.
- Remaining 33% to be bought in three equal tranches by August 2029.
- VDA reported FY26 revenue of ₹850 cr, down 18% from ₹1,035 cr a year ago.
Why this matters
Rashi is spending over 7% of its market cap on a business with declining revenue. But VDA adds cloud, cybersecurity, and digital infrastructure capabilities, a strategic shift from pure distribution to enterprise solutions. The deal is large enough to warrant model revisions and close investor attention.
What we're watching
- How Rashi funds the ₹368.50 cr cash outlay. Debt or internal accruals.
- Whether VDA's revenue decline reverses under Rashi ownership.
- Any further insider moves after Volrado sold 2.88% stake just days before the announcement.
The full read
Rashi Peripherals is spending ₹368.50 crore in cash to acquire 67% of VDA Infosolutions. A bold bet. The deal opens a door into cloud, cybersecurity, and digital infrastructure, a strategic pivot from pure distribution. Hardly a bargain: VDA's FY26 revenue of ₹850 crore dropped 18% from the prior year, so Rashi is buying into a turnaround. The price tag exceeds 7% of Rashi's market cap, making this a material outlay. The remaining 33% of VDA will be bought in three equal annual tranches by August 2029. Just days before the announcement, promoter Volrado sold half its stake ( 2.88% of Rashi ) in a single day. That may be coincidental, but it adds an uncomfortable layer of noise.
Questions answered
- What is VDA Infosolutions' core business?
- VDA is a Mumbai-based enterprise technology and digital infrastructure solutions provider, offering cloud, cybersecurity, and digital infrastructure services.
- Why is Rashi buying VDA?
- The acquisition provides Rashi a strategic entry into the enterprise solutions space, complementing its existing IT distribution business. It forward-integrates Rashi into higher-value services.
- How will Rashi pay for the deal?
- The acquisition is all-cash, paid in stages. 67% upfront and the remaining 33% in three equal annual tranches by August 2029. Rashi's debt/equity ratio is 0.52, leaving room for debt if needed.
- Is the deal a related-party transaction?
- No. The company clarified it is not a related-party transaction and does not require any regulatory approvals.
- How does VDA's revenue compare to Rashi's?
- VDA's FY26 revenue of ₹850 cr is about 19% of Rashi's trailing quarterly revenue of ₹4,489 cr, though VDA's revenue declined 18% from the prior year.
- What does the recent Volrado stake sale signal?
- Volrado sold 2.88% of Rashi in a single day on June 19, just days before the acquisition announcement. It could be unrelated, but timing raises questions about insider sentiment.
Rashi Peripherals Ltd.
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All notes on RPTECH →- 23 Jun 2026 · 6:53 PM IST Rashi Peripherals buys 67% of VDA Infosolutions for ₹368.50 cr
- 4d ago Volrado dumps half its Rashi Peripherals stake in a day