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Corporate News
19-Aug-22
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Tejas Networks hikes stake in Saankhya Labs
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Tejas Networks has acquired the remaining balance of 93,571 equity shares of Saankhya Labs (Saankhya) at a price of Rs. 454.19 per equity share amounting to consideration of Rs. 4.25 crore through secondary purchase.
With the said balance acquisition of equity shares, the Company has acquired the entire 62,51,496 equity shares (as agreed in the Share Purchase Agreement with Saankhya dated March 30, 2022) at a price of Rs. 454.19 per equity share amounting to consideration of Rs. 283.94 crore, working out to 64.40% of the equity share capital of Saankhya, on a fully diluted basis.
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