Dreamfolks Services Shares Rise on Approval to Acquire 60.24% Stake in ETT Solutions

Mumbai, December 1 (Udaipur Kiran) | Shares of Dreamfolks Services were trading higher on the BSE after the company received approval to acquire a majority stake in ETT Solutions DMCC. The stock was trading at Rs. 123.50, up by 2.95 points or 2.45 per cent from its previous closing of Rs. 120.55.

The scrip opened at Rs. 121.80 and touched an intraday high of Rs. 126.45 and a low of Rs. 120.25. So far, 18,041 shares have been traded on the counter.

The BSE Group ‘B’ stock with a face value of Rs. 2 touched its 52-week high of Rs. 435.90 on November 29, 2024, and a 52-week low of Rs. 99.20 on September 29, 2025. The stock’s one-week high and low stand at Rs. 126.45 and Rs. 119.80, respectively. The company’s current market capitalisation is Rs. 657.88 crore.

Promoter holding in the company stands at 65.72 per cent, while institutional and non-institutional investors hold 0.02 per cent and 34.26 per cent, respectively.

Dreamfolks Services has received approval to acquire 60.24 per cent stake, in aggregate, in ETT Solutions DMCC (ETT) for a consideration of around Rs. 36 crore (USD 4 million). The acquisition will be carried out through a combination of secondary purchase of shares and primary subscription to freshly issued shares. Upon completion of the transaction, ETT will become a foreign subsidiary of the company. The objective of the acquisition is geographical expansion, client diversification, and technological integration.

The board of directors of the company, at its meeting held on December 1, 2025, considered and approved the acquisition proposal.

Dreamfolks Services is India’s largest airport service aggregator platform, facilitating enhanced airport experiences for passengers through its proprietary technology solutions.