HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Rashi Peripherals to make investment of up to Rs 14 crore in Satcom
Jan-14-2025

Rashi Peripherals has received an approval to make an investment of up to Rs 14 crore by way of acquisition of equity shares in Satcom Info Tech (Satcom). In this regard, the company will execute a Share Purchase Agreement (SPA) with promoters/shareholders of Satcom Info Tech and Satcom Info Tech for acquisition of the said shares. The Board of Directors at its meeting held on January 13, 2025 has approved the same. 

The strategic acquisition aims to widen the scope/base of the product portfolio and post-acquisition, Satcom Info Tech would become a subsidiary of the company.

Rashi Peripherals is primarily engaged in distribution of computer and peripheral devices.


  RELATED NEWS >>