Sasken Technologies Limited — Updates, 09-11-2024: Press Release

Sasken Technologies Limited has approved the acquisition of 100% of Borqs International Holding Corp and Borqs Technologies India Private Limited. This strategic move aims to enhance Sasken's capabilities in the IoT sector, allowing for the design and commercialization of connected devices. The total acquisition cost is expected to be up to USD 40 million, and the transaction is anticipated to conclude by March 31, 2025.