Tejas Networks acquires 62.65 per cent stake in Saankhya Labs for Rs 2.76 billion

Tejas Networks unveiled that it has acquired 62.65 per cent stake in Saankhya Labs for Rs 2.76 billion. According to the stock exchange filing, Tejas Networks has bought 6,081,946 equity shares through secondary purchase at a price of Rs 454.19 per equity share amounting to 62.65 per cent of the equity share capital of Saankhya Labs. The deal has been executed on a fully diluted basis for a consideration of Rs 2.76 billion.