Rashi Peripherals Limited — JV/Acquisition, 13-01-2025: Acquisition

Rashi Peripherals Limited has announced a board meeting to make an investment of up to Rs. 14 Crore, acquiring a 70% stake (75,460 equity shares) in Satcom Info Tech Private Limited for Rs. 1,805 per share, totaling Rs. 136.21 Crore. This strategic acquisition aims to enhance Rashi's product portfolio in the Information and Communication Technology sector, particularly in cyber security products. Following the acquisition, Satcom will operate as a subsidiary, and the transaction is expected to be completed within three months. The deal aligns with Rashi's focus on market expansion and operational synergies.