Tejas Networks hikes stake in Saankhya Labs

23 Aug 2022 , 01:33 AM

Tejas Networks has acquired the remaining balance of 93571 equity shares of Saankhya Labs Saankhya at a price of Rs 45419 per equity share amounting to consideration of Rs 425 crore through secondary purchase With the said balance acquisition of equity shares the Company has acquired the entire 6251496 equity shares as agreed in the Share Purchase Agreement with Saankhya dated March 30 2022 at a price of Rs 45419 per equity share amounting to consideration of Rs 28394 crore working out to 6440Percentage of the equity share capital of Saankhya on a fully diluted basis