09
Sep
SAR Televenture Limited is pleased to announce the signing of a Share Purchase Agreement (SPA) with L&T Finance Limited for the acquisition of its 19.93% stake in Tikona Infinet Private Limited for a total consideration of Rs. 149.50 crore. 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. 30.00 crore will be paid upfront, with the balance consideration being settled through a share swap, at the same price offered under the earlier…
