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Tejas Networks acquires additional stake in Saankhya Labs

22 Jul 2022 Evaluate

Tejas Networks has further acquired 75,979 equity shares through secondary purchase at a price of Rs 454.19 per equity share amounting to 0.78% of the equity share capital of Saankhya Labs (Saankhya), on a fully diluted basis for a consideration of Rs 3.45 crore. The total acquisition through secondary purchase (including the above acquisition) as on date is 61,57,925 equity share at a price of Rs 454.19 per equity share amounting to 63.43% of the equity share capital of Saankhya, on a fully diluted basis for a consideration of Rs 279.69 crore. The company is in process of acquiring the balance 93,571 equity shares in due course of time.

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

424.80 -6.95 (-1.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tejas Networks 424.80
ITI 297.35
Sedemac Mechatronics 1654.95
Black Box 540.30
Quadrant Televenture 0.38
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