Tejas Networks, Shoppers Stop and Control Print to see some action today

Tejas Networks has acquired 60,81,946 equity shares as of July 4, 2022 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.

Shoppers Stop is planning to launch 12 new stores in FY23, primarily in tier-2 and tier-3 cities, and will continue to invest in store renovations. The company plans to increase the share of new and refurbished stores to over 50 per cent in FY23. The company will also continue to invest in its private labels, including celebrity endorsements.

Control Print through wholly owned subsidiary -- Control Print B.V. has entered into an agreement with Markprint B.V. incorporated in Netherlands and their shareholders in relation to acquisition of majority stake (75%) in the equity share capital of said Markprint B.V. i.e. making investment in the form of purchase of 7.50 lakh equity shares of euro 2 each (which consist of 75% of the Paid up share capital). Consequently, Markprint B.V. will become subsidiary of the Control Print.

Tide has partnered with Transcorp International to launch co-branded prepaid cards (Tide Expense Card) as an entry product. This roll-out stems from Tide’s expansion strategy in India, its first international market outside the UK, and a pillar of its global ambitions. Tide will offer payment services to small businesses across India, starting with a Tide Business Account, accompanied by a Tide Expense Card.

Equitas Holdings has completed the sale of its entire shareholding in its subsidiary, Equitas Technologies (ETPL) on July 5, 2022, thereby complying with the condition stipulated by RBI as part of its No Objection letter dated May 6, 2022 for amalgamation of the Company with ESFBL, to divest its entire shareholding in ETPL. Consequently, ETPL has ceased to be the subsidiary of the Company.

Goldstone Technologies has completed the acquisition of Equitas Technologies (ETPL) (popularly known as Wow trucks) by acquiring the equity shares from Equitas Holdings in terms of the Share Purchase Agreement and other related documents which were executed between the company, Equitas Technologies and Equitas Holdings. Therefore, pursuant to the acquisition of 2,49,99,999 equity shares (99.62% stake) by the company from Equitas Holdings, and balance 96,000 equity shares (0.38% stake) from an Individual shareholder MVP Mohan Sharma, Equitas Technologies has become Wholly-Owned Subsidiary of the company i.e. Goldstone Technologies.

Satia Industries (SIL), one of the largest Wood and Agrobased paper manufacturers in India with a fully integrated manufacturing facility, has received an order from National Council of Educational Research and Training (NCERT) for the supply of 11,000 tons of Maplitho paper of 80 GSM in sheets and reels for printing of text books.