Sar Televenture Limited — Board Meeting, 29-10-2024: Outcome of Board Meeting

SAR Televenture Limited has approved the acquisition of 91% equity shares of Tikona Infinet Private Limited for a total consideration of ₹669.04 crores, which includes cash and share swap. This strategic move aims to expand their service portfolio and increase market share in the telecom industry. Tikona specializes in high-speed internet and IT infrastructure, serving various sectors across India. The acquisition process is expected to be completed within 7 months.