12-Sept-2026 18:24:47
GFSTEELSAcquisition and merger
TIKONA COMMUNICATION LIMITED : TIKONA INFINET PRIVATE LIMITED STEP-DOWN SUBSIDIARY ACQUIRES 62.01% EQUITY SHARES OF TIKONA INFI NET PRIVATE LIMITED
• The Board of Directors approved the acquisition of 62.01% equity shares of Tikona Infinet Private Limited for INR 99,22,00,380. • The acquisition involves purchasing equity shares from existing shareholders of the Target Company. • Tikona Infinet Private Limited provides wireless broadband services and is in the telecom industry. • The stated purpose is to expand the Company's presence in the telecom and digital connectivity sector. • The consideration will be discharged by issuing Non-Convertible Debentures. • The acquisition is expected to be completed by March 31, 2027.
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