Acquiring Company
Grand Foundry Limited
Acquired Company
Tikona Infinet Private Limited
IndiaIndiaManufacturingMiningDescription
Grand Foundry has acquired a 62.01% stake in Tikona Infinet Private Limited for ₹99.22 crore. This acquisition aims to expand Grand Foundry's presence in the telecom sector, enhancing its service portfolio. The deal involves purchasing equity shares and is expected to close by March 31, 2027. Regulatory approvals are not anticipated beyond standard legal requirements.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Tikona Infinet Private Limited?
Tikona Infinet Private Limited was acquired by Grand Foundry Limited, based in India. The deal was reported on September 12, 2026. Grand Foundry Limited is a publicly listed company on Indian stock exchanges. The firm specializes in the production of steel products and is recognized for its robust equity share capital. Grand Foundry Limited is privately held and operates in Manufacturing.
When did Grand Foundry Limited acquire Tikona Infinet Private Limited?
Grand Foundry Limited's acquisition of Tikona Infinet Private Limited was reported on September 12, 2026. Grand Foundry has acquired a 62.01% stake in Tikona Infinet Private Limited for ₹99.22 crore. This acquisition aims to expand Grand Foundry's presence in the telecom sector, enhancing its service portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tikona Infinet Private Limited do?
Tikona Infinet is a telecom company that offers broadband, lease line, and virtual private network services. It holds a pan-India unified license and a national long distance license, allowing extensive operation in the telecommunications space. It is privately held, and is based in India.
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