Tejas Networks has bought the residual 0.97% stake to acquire its targeted 64.40% holding in Saankhya Labs. The acquisition is slated to boost Tejas’s
With this balance acquisition, Tejas had acquired the entire 62,51,496 equity share, amounting to a consideration of Rs 4.25 crore through secondary purchase. In March, Tejas had introduced plans to purchase a 64.40% stake in Saankhya for Rs 283.94 crore in an all-cash deal.
The acquisition is slated to boost Tejas’s wireless offerings by adding 5G ORAN, 5G mobile broadcast and satellite TV for PC communication merchandise to its product portfolio besides adding to its customer base in India and global markets.
Tejas also reportedly hopes to reinforce its IPR portfolio with 73 patents (41 granted and 32 filed) along with hardware and software design. The acquisition also gives the company access to in-house, fabless semiconductor chip design expertise for specialised applications.
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