Tejas Networks has acquired 60,81,946 equity shares through secondary purchase at a price of Rs 454.19 per equity share amounting to 62.65% of the equity share capital of Saankhya, on a fully diluted basis for a consideration of Rs 276.24 crore. Consequent to the said acquisition, Saankhya has become a subsidiary of the company.
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.
