Sasken Technologies Limited — Updates, 09-11-2024: Scheme of Arrangement

Sasken Technologies Limited has approved the acquisition of 100% of BORQS International Holding Corp and Borqs Technologies India Private Limited to enhance its capabilities in the Internet of Things (IoT) sector. The deal, valued at up to $40 million, aims to support the development of connected devices and is expected to be completed by March 2025. This strategic move aligns with Sasken's growth objectives and enhances its competitive market position.