Sasken Technologies Limited — Updates, 08-04-2025: Scheme of Arrangement

Sasken Technologies Limited has announced a board meeting regarding the completion of its acquisition of BORQS International Holding Corp for up to US$ 40 million (approximately Rs. 338 crores). This acquisition enables Sasken to enhance its capabilities in designing and commercializing connected devices. BORQS, which operates in the IoT solutions space, reported a turnover of US$ 32 million in FY2023. The successful acquisition is expected to strengthen Sasken's position in the market, presenting a positive outlook for investors seeking growth in the technology sector while also diversifying its service offerings in IoT.