Sar Televenture Limited — Important, 29-10-2024: Updates

SAR Televenture Limited has approved the acquisition of 91% equity shares in Tikona Infinet Private Limited for a total consideration of INR 669.04 crores. The acquisition combines cash and share swap components and aims to enhance service offerings and operational efficiencies in the telecom industry. Tikona, established in 2008, specializes in broadband services and has showcased stable turnover figures over recent years. This acquisition supports SAR's strategic goal of expanding its market presence.