Sasken Technologies Limited — Board Meeting, 09-11-2024: Outcome of Board Meeting

Sasken Technologies Limited has approved the acquisition of 100% of BORQS International Holding Corp and Borqs Technologies India Private Limited, aiming to enhance its capabilities in the Internet of Things (IoT) sector. The deal, valued at up to $40 million, will allow Sasken to support customers in developing connected devices. Completion is expected by March 2025, with no regulatory approvals required. This acquisition is aligned with Sasken's strategy to drive growth and innovation.