Share Market News: This company in focus as it shares details of fresh acquisition | Check details here

The acquisition will be made for USD 1,50,000, following which Prisha Infotech will become a wholly owned subsidiary of Spice Lounge Food Works Limited from January 1, 2026.

Spice Lounge Food Works Ltd, a small-cap company with a market cap of Rs 3,475.16 crore, has given important information in its latest exchange filing after market hours on Wednesday. The company stated that its board of directors, at its meeting held on December 17, approved the acquisition of M/s Prisha Infotech Pte. Ltd., a Singapore-based company engaged in software development and programming.

The acquisition will be made for USD 1,50,000, following which Prisha Infotech will become a wholly owned subsidiary of Spice Lounge Food Works Limited from January 1, 2026.

According to exchange filings, Prisha Infotech Pte. Ltd. was incorporated on May 6, 2021. The company’s turnover is USD 78.56 lakh in September 2025, USD 1.08 crore in September 2024 and USD 1.00 crore in September 2023.

This company operates in the IT and IT-enabled services sector and the business of the acquiring company is also related to this sector.

According to the company, this acquisition is purely strategic, aimed at business expansion, revenue growth, and strengthening its presence in international markets. The acquisition is expected to be completed within 12 months of the signing of the agreements.

According to BSE Analytics, the stock has remained nearly flat over the past week. However, it has lost more than 16% over the past month. Over the past six months, the stock has returned 83%.

On a YTD basis, the stock has given a multibagger return of 421 percent so far in the year 2025. On a yearly basis, the stock has gained over 634 percent in the last 1 year, over 783 percent in the last 2 years and over 4160 percent in the last 5 years.

The company’s stock was trading with a gain of 3.73 per cent or Rs 1.94 lower at Rs 50.10 on the BSE at the time of writing the report. The market cap of the company stood at Rs 3,654.36 crore.