The center will be set at Thiruvananthapuram campus of Tata Elxsi.
The valuation of the company was estimated to be up to $3 billion.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
With over 15 years of engagement with the Bosch Group, Guruprasad has taken on several roles in engineering and business management.
Floor price for the offer-for-sale set at Rs 2,450 per share.
LTEH provides engineering services to customers operating in hydrocarbon & energy business.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
In conversation with Sheetal Agarwal of IIFL, the Founder of the company outlines his growth strategy, macro opportunities and fund-raising plans.