L&T Semiconductor Technologies Limited (LTSCT) has signed a share purchase agreement to acquire a 100 per cent stake in Siliconch Systems Private Limited (SiliConch Systems) for Rs 1.83 billion.
The deal consists of an upfront amount of Rs 1.33 billion payable at closing, and a deferred amount of Rs 0.5 billion payable over four years, subject to closing adjustments and achievement of certain targets and other conditions.
The acquisition is expected to add intellectual property (IP), engineering skillsets, and design expertise to strengthen the group’s presence in the fabless semiconductor business and aligns with the overall growth strategy of LTSCT.
