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.
