Tejas Networks announces a strategic investment from Panatone Finvest Limited, a subsidiary of Tata Sons Private Limited, for a controlling stake in the company
Jul 29, 2021
- Panatone Finvest Limited to make an open offer to acquire up to 26.0% stake in accordance with SEBI Takeover Regulations
BENGALURU, India, July 29, 2021 /PRNewswire/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has executed definitive agreements with Panatone Finvest Limited ("Panatone"), a subsidiary of Tata Sons Private Limited ("TATA"), which will entail: a) Preferential allotment of 1.94 crore