SAR Televenture Limited has announced the signing of a share purchase agreement (SPA) with L&T Finance Limited for the acquisition of its 19.93 per cent stake in Tikona Infinite Private Limited for a total consideration of Rs 1.495 billion.
This acquisition will further consolidate SAR Televenture’s shareholding in Tikona, reinforcing its long-term strategic vision and commitment to the broadband and digital infrastructure sector. Under the terms of the SPA and subject to necessary regulatory approvals, Rs 0.3 billion will be paid upfront, with the balance consideration being settled through a share swap, at the same price offered under the earlier SPA executed with the majority shareholders of Tikona.
The transaction brings paving the way for Tikona’s next phase of growth under a simplified and unified shareholding structure. It reflects the collaborative approach adopted by all stakeholders to achieve a stable and forward-looking outcome for the company.
