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Tata Sons arm to acquire controlling stake in Tejas Networks for nearly Rs 1,890 cr Tejas Networks, a telecom and network firm, on Thursday said an arm of Tata Sons will acquire controlling stake in it for nearly Rs 1,890 crore in a multi-step deal. The company has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons (Tata group holding firm), it said in a statement. As part of the agreement, the company will make a preferential allotment of 1.94 crore equity shares at a price per equity share of Rs 258 per share aggregating to Rs 500 crore to Panatone. There will also be another preferential allotment of 3.68 crore warrants, each carrying a right to subscribe to one equity share at an exercise price of Rs 258 per equity share aggregating to Rs 950 crore. This may be exercised by Panatone in one or more tranches during the period commencing from the date of allotment of the warrants until the expiry of 11 months from the date of allotment of the w

Saurabh agrawalPanatone finvestSanjay nayakKotak mahindra capital companyKhaitan coTejas networksImage sourceTata sonsTejas networks chairmanv balakrishnanSons executive director saurabh agrawalManaging director sanjay nayakManaging directorChief executive officerMahindra capital companyசஞ்சய் நாயக்கோட்டக் மஹிந்திரா மூலதனம் நிறுவனம்