SAR Televenture Limited has announced that its Board has approved the share swap for acquisition of a majority stake in Tikona Infinet Limited for a total consideration of Rs 5.78 million. The acquisition has been structured as a share swap, with Tikona’s shareholders receiving shares in SAR Televenture as part of the share purchase agreement.
With the acquisition, SAR Televenture strengthens its capabilities to provide seamless, high-speed connectivity solutions across the country. The integration of Tikona’s expertise in enterprise data services aligns perfectly with SAR Televenture’s vision for sustained growth and excellence.
Commenting on the acquisition, Rahul Sahdev, managing director, SAR Televenture, said, “We are delighted to welcome the Tikona Infinet family to SAR Televenture. This acquisition allows us to expand our service portfolio and provide customers with a wider range of services, including high-speed broadband, fibre-optic connectivity, and advanced 4G and 5G network solutions. By leveraging our combined expertise, we aim to redefine connectivity standards and deliver innovative services to businesses and individuals across India.”
