Tejas Networks Announces Acquisition Of Saankhya Labs (P) Ltd. To Enhance Its Wireless Products Offering
Acquiring Company
Tejas Networks
Acquired Company
Saankhya Labs (Private) Limited
BengaluruSoftwareInternet ServicesTelecommunicationsHardwareMobileDescription
Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore ("Saankhya") for INR 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed with acquiring the balance 35.60% shares through a merger process or a secondary acquisition.
Quick answer
Tejas Networks is acquiring Saankhya Labs (Private) Limited, announced March 31, 2022. Tejas Networks is based in Bengaluru, Karnataka, India.
- How much did Tejas Networks pay for Saankhya Labs (Private) Limited?
- The deal value was not disclosed.
- What does Tejas Networks do?
- Tejas Networks designs, develops and sells high-performance wireline and wireless networking products to telecommunications service providers, internet service providers, utilities, defence and government entities in..
- Where are Tejas Networks and Saankhya Labs (Private) Limited based?
- Tejas Networks is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Tejas Networks?
- Fundz holds 4 contacts at Tejas Networks. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Saankhya Labs (Private) Limited?
Saankhya Labs (Private) Limited was acquired by Tejas Networks, based in Bengaluru. The deal was reported on March 31, 2022. Tejas Networks is privately held and operates in Software.
When did Tejas Networks acquire Saankhya Labs (Private) Limited?
Tejas Networks's acquisition of Saankhya Labs (Private) Limited was reported on March 31, 2022. Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore ("Saankhya") for INR 283.94 Cr in cash. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Saankhya Labs (Private) Limited do?
Saankhya Labs is a 5G disruptor with a breadth of wireless communication system and semiconductor expertise. Saankhya offers a wide range of communication semiconductor products and solutions for 5G NR, Broadcast and Satellite Communication applications. It is privately held, operating in Hardware.
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