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Tata Sons’ arm to acquire controlling stake in Tejas Networks

29 Jul 2021 Evaluate

Tata Sons’ subsidiary company -- Panatone Finvest is planning to acquire controlling stake in Tejas Networks for nearly Rs 1,890 crore. Tejas Networks has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons. As part of the agreement, the company will make a preferential allotment of 1.94 crore equity shares at a price per equity share of Rs 258 per share aggregating to Rs 500 crore to Panatone.

Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.

Tejas Networks Share Price

415.00 -9.80 (-2.31%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tejas Networks 415.00
ITI 291.80
Sedemac Mechatronics 1634.05
Black Box 527.00
Quadrant Televenture 0.39
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