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Tata Sons picks up 43.35% in Tejas Networks, reboots 5G plans
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Last Updated: Jul 30, 2021, 06:45 AM IST
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Tata Sons plans to acquire 63.1% stake Tejas Networks, Bengaluru-based telecom product major, that will help it gain access to crucial technology for 5G and 4G telecom gear.
Tata Sons will acquire a controlling stake in telecom equipment maker
Tejas Networks to help it access 5G technology and take on the likes of Ericsson, Nokia and Huawei in tapping capital investments made by India and the rest of world as they adopt the next-generation communications system.
Tata Sons unit Panatone Finvest Ltd has signed a binding agreement to acquire 43.35% of Tejas through preferential issues of equity and warrants for Rs 1,850 crore. This will trigger an open offer for a further 26% stake in the company from the public, the two companies said in a joint statement on Thursday.
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Ludhiana: A documentary on the farmers protest going on at Singhu Border was released this afternoon by photographer and industrialist Ranjodh Singh at Mata Tripta Ji Hall, Ramgarhia Girls College. “This photo-montage has hundreds of photos which capture the angst and agony of the farmers who are fighting for their rights. Each face has a story to tell. Farmers are the backbone of the country”, said Ranjodh Singh. The team behind the lens comprises Ranjodh Singh, Ashwinder Sethi, and Jaskaran Singh. Script was originally written in Punjabi by Ranjodh Singh and Prof Gurbhajan Gill.
Competition on heritage handicrafts
Khalsa College for Women Civil Lines Ludhiana, organised one day inter-college competition on heritage handicrafts in the college Main Hall. Around 25 students participated in the competition and exhibited their talent by making various handicrafts such as “gudia patole, chhikku, pranda, tokri, mitti de khidone etc”. The Principal, Dr Mukti Gill was the c
Ludhiana: Atam Pargas Social Welfare Council, an NGO, has decided to support the families of Indians farmers who died during the agitation.
Varinderpal Singh, principal soil scientist, PAU, Ludhiana, who refused to take FAI Golden Jubilee Award for Excellence and a gold medal from chemicals and fertilisers minister said, “An organised plan has been chalked out for the purpose of providing education to the orphans and making arrangements for other necessities of the families of the deceased farmers. A special ‘support farmers’ portal is being developed at the website of the council. The website portal will be released by the five VCs on February 7 at PAMETI auditorium.”