SAR Televenture (SAR) has announced its acquisition of Tikona Infinet for Rs 6.69 billion in a cash and stock deal. The deal will see SAR acquire a 91 per cent stake in Tikona.
Tikona shareholders will receive SAR Televenture shares.
In addition, the deal will enable SAR to expand its business, particularly in the enterprise sector, due to operational synergies between the two businesses.
Post-deal completion, the SAR group will become an integrated telecom services provider, offering internet service provider (ISP) services, infrastructure provider category 1 (IP1) services, broadband, and enterprise services.
