Ace Software Invests in UK Energy Technology Platform

19 Feb 2026 CW Team

MUG and MUGC provide software platforms and analytics led services across domestic and commercial markets, including API enabled acquisition tools, white label enrolment and switching systems, analytics led decision support and flexible procurement solutions, and sector specific advisory support. Their offerings are designed to improve operational efficiency, manage price volatility and enhance customer engagement within a regulated framework.

Following completion, Ace Software will hold 40 per cent of the fully diluted equity share capital on a post issue basis in each entity and will be accorded governance and control rights through contractual and equity mechanisms. Rights include majority board representation, affirmative voting thresholds, reserved matter rights and step up provisions to permit an increase to majority shareholding, subject to applicable laws and regulatory approvals. Accordingly the targets are expected to qualify as subsidiaries for accounting and regulatory purposes.

Ace Software is a technology led digital solutions group with over two decades of experience in software engineering, cloud native solutions, data and analytics, artificial intelligence and enterprise application services. The proposed transaction aims to diversify the group's portfolio through scalable, data centric platforms in developed markets and to capitalise on digitisation trends. The transaction remains subject to execution of definitive agreements, customary conditions precedent and receipt of regulatory approvals.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Ace Software Exports Limited has signed a binding term sheet to invest in MyUtilityGenius Limited (MUG) and MyUtilityGenius Commercial Limited (MUGC), companies based in the United Kingdom in the energy technology sector. The enterprise value for the combined entities is up to GBP five mn and the consideration will comprise a combination of cash and a share swap effected through preferential allotment of Ace Software equity shares. The transaction is intended to advance Ace Software's international expansion into a regulated, technology led market undergoing digitisation and sustainability driven change. MUG and MUGC provide software platforms and analytics led services across domestic and commercial markets, including API enabled acquisition tools, white label enrolment and switching systems, analytics led decision support and flexible procurement solutions, and sector specific advisory support. Their offerings are designed to improve operational efficiency, manage price volatility and enhance customer engagement within a regulated framework. Following completion, Ace Software will hold 40 per cent of the fully diluted equity share capital on a post issue basis in each entity and will be accorded governance and control rights through contractual and equity mechanisms. Rights include majority board representation, affirmative voting thresholds, reserved matter rights and step up provisions to permit an increase to majority shareholding, subject to applicable laws and regulatory approvals. Accordingly the targets are expected to qualify as subsidiaries for accounting and regulatory purposes. Ace Software is a technology led digital solutions group with over two decades of experience in software engineering, cloud native solutions, data and analytics, artificial intelligence and enterprise application services. The proposed transaction aims to diversify the group's portfolio through scalable, data centric platforms in developed markets and to capitalise on digitisation trends. The transaction remains subject to execution of definitive agreements, customary conditions precedent and receipt of regulatory approvals.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..