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Tejas Networks Share Price Rallies As Tata Sons Looks To Acquire Controlling Stake


Jul 29 2021, 12:10 PM
July 29 2021, 12:07 PM
July 29 2021, 12:10 PM
Panatone Finvest Ltd., a unit of Tata Sons Pvt., will acquire a controlling stake in Tejas Networks Ltd.The Tata company has signed an agreement to acquire 43.35% of Tejas for Rs 1,850 crore, triggering an open offer by Tata Sons to acquire shares of the telecom and broadband network products maker from the public, according to an exchange filing.As part of the agreement, Tejas will make a preferential allotment of 1.94 cro.
Panatone Finvest Ltd., a unit of Tata Sons Pvt., will acquire a controlling stake in Tejas Networks Ltd.
The Tata company has signed an agreement to acquire 43.35% of Tejas for Rs 1,850 crore, triggering an open offer by Tata Sons to acquire shares of the telecom and broadband network products maker from the public, according to an exchange filing. ....

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Tejas Network records fresh high as Tata Sons arm picks up stake

Tejas Network records fresh high as Tata Sons arm picks up stake
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